Latvia warned to prepare for tougher transfer pricing audits
March 16, 2009
Latvia’s tax authorities are becoming more aggressive in their approach to transfer pricing and companies need to be better prepared, a tax lawyer has warned.
Writing on a Baltic business blog, Janis Taukacs, a partner at Sorainen in Riga, said the authorities are not that active in the area yet but that does not mean Latvian businesses can be laidback. “Businesses must remember that tax audits normally can go three years back in Latvia. Thus we must already now project what might be the authorities’ approach in 2012,” he wrote.
Sorry. You must be a subscriber to view this article. Alternatively, why not take a free trial? To subscribe and access this article immediately simply click here or call +44(0)207 779 8380.