On 29 October 2019, OECD confirmed that Latvia deposited its instrument of ratification for the multilateral convention to implement tax treaty related measures to prevent base erosion and profit shifting (BEPS MLI). The MLI is a multilateral tax treaty that is designed to swiftly incorporate provisions stemming from the OECD/G20 base erosion profit shifting (BEPS) plan.
The BEPS MLI will enter into force for Latvia on 1 February 2020.
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