Executive summary
The Ministry of Finance of the Republic of Latvia submitted to the meeting of State Secretaries, on 19 December 2019, the draft regulation “Rules on automatic exchange of information on reportable cross-border arrangements” implementing the European Union (EU) Directive on the mandatory disclosure and exchange of cross-border tax arrangements (referred to as DAC6 or the Directive).
The Latvian draft legislation is now subject to the formal legislative process and may be amen…