Latvia Finalizing Regulations for Implementation of DAC6 Reporting Requirements

Latvia is reportedly finalizing regulations for the implementation of Council Directive (EU) 2018/822 of 25 May 2018 (DAC6) on reportable tax arrangements, which includes rules for the required reporting of potentially aggressive tax-planning arrangements based on specified hallmarks.

The reporting requirements primarily apply for intermediaries but may also apply for taxpayers if there is no intermediary with an obligation to report. Latvia's implementation does not include an exemption fo…