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Latvia Completes Implementation of DAC7

|Approved Changes|Latvia
Latvia

Latvia has published the Law of 6 December 2023 on Amendments to the Law on Taxes and Fees (Duties). The law provides for the implementation of the joint audit rules of Council Directive (EU) 2021/514 with regard to the exchange of information on income generated by sellers through digital platforms (DAC7). DAC7 obliges digital platforms to collect, verify, and report information on sellers wh…