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Latvia Parliament Considers Bill to Introduce Digital Services Tax

Sept. 28, 2021, 5:00 AM

The Latvian Parliament (Saeima) Sept. 23 accepted for consideration Bill No. 1166, to introduce the digital services tax. The draft bill includes measures to: 1) establish rules for trading goods using an electronic interface; 2) require companies with annual revenue exceeding 750 million euros (US$878 million) to register with the tax service; 3) set a 3 percent tax on the gross revenue from digital services of eligible companies; and 4) establish reporting and filing procedures. The law would generally enter into force Jan. 1, 2022. [Latvia, Parliament, 09/23/21]

Reference:
View Bill No. 1166 of 09/23/21. View Index.

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