Regarding mandatory automatic exchange of information of country-by-country (CbC) reports of groups of multinational companies, there are items and action steps for taxpayers to consider before 31 August 2017.
In Latvia, the CbC reporting year begins 1 January 2016, and reports are to be submitted within 12 months of the reporting date. Therefore, CbC reports about the 2016 financial year in Latvia are due before 31 December 2017.
Read a 2017 report prepared by the KPMG member firm in Latvia
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