On 29 June 2020, Latvian Ministry of Finance has announced that the first reporting deadlines of cross-border arrangements (DAC6) provided by Council Directive (EU) 2020/876 will be deferred by six months in order to provide taxpayers and intermediaries dealing with the impacts of COVID-19. Latvia is also providing a 3-month deferral for financial account reporting.
The deadline for the reporting of arrangements in the period between 25 June 2018 and 30 June 2020 will be 28 February 2021 instead of 31 August 2020. The deadline for starting the 30-day reporting period for notifiable cross-border arrangements will begin on 1 January 2021, including for reportable arrangements between 1 July and 31 December 2020.
