Latvia Tax News
Treaty between Kuwait and Latvia enters into force
Netherlands selective tax exemption for public companies partially carrying out economic activities terminated
Multilateral action between United Kingdom, France, Germany, Italy and Spain to counter tax evasion
Withholding tax under EU Savings Directive to be abolished
Finnish Supreme Administrative Court rules on imputation credit for dividends received from a group's parent company in UK
Heavy restrictions on capital movements enter into force
Netherlands Supreme Court: Reinvestment reserve taxable in Netherlands also if a company had its place of effective management in Luxembourg at time of sale of immovable property located in Netherlands
Amendments to Corporate Income Tax Law enacted
Changes to list of tax havens approved
Treaty between Latvia and Mexico enters into force
Treaty between Latvia and Morocco enters into force
Government Council adopts amendment to exit tax provisions on capital gains to implement National Grid Indus decision
Court of First Instance Bruges decides that non-deductible part of the foreign dividend deduction can be included in loss carry-forward
Treaty between Latvia and Russia enters into force
Budget for 2013 adopted
Supreme Court: Business merger facility not applicable to contribution to subsidiary followed by subsequent contribution to grant daughter company of all assets except a business building
Latvian PEs of non-treaty persons
Transfer pricing documentation and APA's
Netherlands Supreme Court decides that Dutch thin capitalization provisions in the case of financing companies are not incompatible with ICCPR and ECHR
Supreme Court decides interest paid on debt-claim towards low-taxed group company resulting from transfer of immovable property not deductible
Court of First Instance Leuven decides that fine imposed by European Commission due to violation of EC competition law is not deductible
Protocol to treaty between China (People's Rep.) and Latvia
Changes to list of tax havens approved
Changes to list of tax havens approved
Treaty between Latvia and Korea (Rep.) will enter into force
Taxation of interest – amendments to Corporate Income Tax Act adopted
Dutch dividend withholding tax exemption extended to certain EEA countries
ECJ: Netherlands' non-exemption of dividends paid to certain EEA countries from withholding tax found incompatible with EEA Agreement
ECJ finds Finnish dividend withholding tax regime incompatible with EC freedom of establishment
ECJ: Cobelfret extended to domestic situations and potentially to dividends received from third countries
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