Transfer pricing documentation requirements tracker

Based on the amendments to the law “On taxes and duties” in relation to the legal requirements for transfer pricing documentation, Deloitte has prepared a Transfer Pricing Documentation Requirements tracker.

The new transfer pricing requirements are synchronized with activities carried out by the Organization for Economic Co-operation and Development (OECD), and the updated transfer pricing guidelines for taxpayers and tax administrations. The requirements are applicable to related party transactions carried out in the financial year starting on or after 1 January 2018. Furthermore, in the context of the corporate income tax (CIT) reform, related party transactions are becoming increasingly important, and receive additional scrutiny from the tax authority.

Transfer Pricing Interactive Tool

Please indicate the parties you have transactions with in the respective financial year:

1 For more details please see Article 1 para. 18 of Latvian Law on Taxes and Duties.

2 For more details please see Cabinet of Ministers regulations No 655 “Regulations on low tax or no-tax jurisdictions and territories”

3 Please note that the information is designed to provide helpful highlights with regards to applicable transfer pricing requirements in Latvia. However, be aware that this information is of a general nature and cannot substitute the advice of a professional of any nature.

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Barbara Žuromska

Barbara Žuromska

Director | Transfer Pricing

Barbara is an experienced director who specializes in transfer pricing and international tax matters for about 10 years. Barbara holds Bachelor's degree in Economics and LLM in Law and Finance that pr... More