Latvia Tax News

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European Commission refers Germany to ECJ over taxation of outbound dividends

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Treaty between Latvia and Kuwait initialled

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Treaty between Latvia and Korea (Rep.) ratified

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Amendments to tax laws published

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Treaty between Latvia and Morocco ratified

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ECJ: Advocate General finds Belgian withholding tax on interest paid to companies resident in other Member States compatible with EC freedom of establishment – details

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Preliminary ruling requested from ECJ regarding Belgian anti-abuse provision concerning exceptional and gratuitous advantages

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ECJ: Advocate General finds French legislation on group consolidation excluding lower-tier subsidiaries indirectly owned through companies resident in other Member States justifiable restriction on EC freedom of establishment – details

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India approves signing of treaty with Latvia

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Preliminary ruling requested from ECJ on interpretation of EC Parent-Subsidiary Directive with respect to Italian tax on dividend adjustment (General Beverage)

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Amendments to tax laws proposed

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ECJ: Advocate General finds French legislation on group consolidation excluding lower-tier subsidiaries indirectly owned through companies in other Member States justifiable restriction on EC freedom of establishment

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Latvia

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Treaty between Latvia and Morocco signed

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Preliminary ruling requested from ECJ on interpretation of Merger Directive in connection with scheme to avoid Netherlands property transfer tax

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Treaty between Tunisia and Latvia initialled

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On 15 June 2008, Latvia and Korea (Rep.) signed a first-time income tax treaty.

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Treaty between Latvia and Italy enters into force

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ECJ: Netherlands refund regime for investment funds incompatible with EC free movement of capital

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European Commission takes steps against Bulgaria, Portugal, Romania and Spain concerning taxation of dividends

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ECJ: Decision by reasoned order in UK CFC and foreign dividend test case

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European Commission closes infringement procedure against Luxembourg concerning taxation of dividends

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Treaty between Italy and Latvia – ratified by Italy and details

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ECJ: Advocate General finds Belgian rules on inclusion of dividends in taxable base followed by 95% deduction insofar as parent company makes profits incompatible with Parent-Subsidiary Directive – details

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ECJ: Non-deductibility of foreign PE losses in Germany compatible with EC freedom of establishment

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European Commission refers Netherlands to ECJ for not exempting dividends paid to companies established in certain EFTA countries from withholding tax

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Latvia responds to European Commission's letter of formal notice regarding taxation of outbound dividends

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ECJ: 5% add-back of tax credits for withholding tax at source abroad compatible with Parent-Subsidiary Directive

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Treaty between Latvia and Mexico – negotiations

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European Commission takes steps against Belgium for failure to adopt implementing measures of Merger Directive

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