To meet the European Commission’s requirements for a common information exchange between EU member countries to avoid double taxation, the SRS introduced an automatic information exchange system. In order to ensure that complete and correct information is shared with foreign tax administrations, taxpayers must provide SRS with all information concerning payments to non-residents regardless of whether it is subject to CIT (withholding tax) application in Latvia or not.

Read more detailed information on our Latvian website: http://leinonen.lv/news/news-2017/changes-informing-on-payments-to-non-residents