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Latvia Gazettes Regulation Implementing Profit Sharing Rules for Related Party Transactions

Feb. 26, 2021, 5:00 AM

The Latvian Official Gazette Feb. 24 published Regulation No. 107, implementing profit sharing rules for related party transactions. The regulation includes measures: 1) outlining the circumstances requiring profit sharing comparison methods; 2) providing comparability principles for price determination and adjustments; 3) applying the investment analysis and residual amount approaches; 4) expanding transfer pricing analysis to include additional factors; 5) obligating entities to submit specified data; and 6) providing an example of the application of the profit sharing method. The regulation enters into force Feb. 25. [Latvia, Official Gazette, 02/24/21]

Reference:
View Regulation No. 107, Official Gazette 2021/38.5. View Gazette...

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