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Latvia Clarifies Suspension of Tax Treaty with Russia

|Treaty Development|Latvia-Russia
Latvia-Russia

Latvia's State Revenue Service issued an informative notice on 14 July 2022 regarding the suspension of the 2010 income and capital tax treaty with Russia. This includes confirmation that the treaty is suspended indefinitely with effect from 16 May 2022. Considering this, Latvian tax law provisions regarding tax treaty provisions superseding domestic law no longer apply. Therefore, the tax payment procedures and tax rates specified in Latvian tax laws are applicable to the income received by…

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