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Latvian Parliament Approves Draft Law for Partial Implementation of Directive on Pillar 2 Global Minimum Tax Law

|Approved Changes|Latvia
Latvia

On 6 June 2024, the Latvian Saeima (parliament) approved, in the third and final reading, the Law on Ensuring a Global Minimum Tax Level for Large Enterprise Groups, which must now be signed by the president and published in the Official Gazette to enter into force. As previously reported, Latvia has opted to delay the application of the Pillar 2 global minimum tax (GloBE) rules as allowed by …

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