Taxes

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 […]

Amending VAT Application Rules for Imported Goods in Distance Selling Transactions

As of 2025, European Union Directive 2025/1539 has entered into force, introducing amendments to the procedure for applying value added tax (VAT) to distance selling transactions involving imported goods. These amendments concern the so-called Import One-Stop Shop (IOSS) regime, which aims to simplify and harmonize VAT administration in cross-border e-commerce transactions. Before delving into a

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

Amending VAT Application Rules for Imported Goods in Distance Selling Transactions

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