evita - RockBridge Legal

Why must the price comply with the arm’s length principle?

Transfer pricing has long affected not only international groups but also local companies. They have become a daily reality for Latvian businesses, especially in cases where a company cooperates with related parties: subsidiaries, board members, ultimate beneficial owners, relatives of officials, or foreign partners belonging to the same group. The arm’s length principle is one […]

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When transfer pricing documentation becomes mandatory and what it means in practice

Transfer pricing often becomes relevant only when a company is suddenly asked for its justification or when the SRS sends a letter with questions about transactions with related parties. However, the law has long established when documentation is mandatory, when it must be submitted upon request, and when a simplified justification is sufficient. An important

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New obligation for companies – controlled transaction report becomes mandatory

Yesterday, the Saeima passed amendments to Section 15.² of the Law “On Taxes and Duties” in the third reading, significantly changing the transfer pricing documentation procedure. Henceforth, companies engaging in transactions with related parties will be required to submit a controlled transaction report to the State Revenue Service. What is changing? Until now, companies could

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Report on Controlled Transactions – a New Burden, Not an Improvement in Transfer Pricing

The draft law, which intends to supplement Section 15.2 of the Law “On Taxes and Duties” with a new Paragraph 9¹, is currently being considered in the second reading by the Saeima. Given the current pace of progress and the support of the responsible Budget and Finance (Tax) Committee, the adoption of these changes is

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Expanded Prohibitions and New Obligations for Crypto-Asset Service Providers

2025. On October 23, the European Union adopted the 19th sanctions package, which significantly expands restrictions on crypto-asset transactions and payment services. The changes affect both the financial sector and the digital asset market, making circumvention of sanctions using crypto-assets almost impossible. Below, we will examine the main aspects of the new sanctions package, its

Expanded Prohibitions and New Obligations for Crypto-Asset Service Providers Lasīt vairāk »

Author name: evita

Why must the price comply with the arm’s length principle?

When transfer pricing documentation becomes mandatory and what it means in practice

New obligation for companies – controlled transaction report becomes mandatory

Report on Controlled Transactions – a New Burden, Not an Improvement in Transfer Pricing

Expanded Prohibitions and New Obligations for Crypto-Asset Service Providers

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