Latvia Gazettes Regulation Implementing DAC7 EU Directive on AEOI

The Latvian Official Gazette Jan. 20 published Regulation No. 16, amending the tax law to implement EU Council Directive 2021/514 of March 22, 2021, on the mandatory automatic exchange of financial account information (AEOI) for digital platform operators (DAC7). The regulation includes measures: 1) providing information for tax administration tasks related to one or more taxpayers as requested by an EU member state; 2) listing the contents of a request regarding a group of taxpayers; 3) establishing deadlines to provide the requested information to countries with an international agreement or an EU member state; 4) obligating the state revenue service ...