According to the latest data for the European Commission’s 2014-2020 planning period, Latvia is on the 6th place among 28 member states based on the country’s performed payments. In regards to the volume of requested payments, Latvia is 4th among EU member states.
On Wednesday, June 15 the high-level working seminar of the representatives of the government, social and cooperation partners and the experts of the World Bank (WB), the Organisation for Economic Development and Co-operation (OECD) and the European Commission (EC) was held regarding Latvia's tax policy challenges in the medium term planning period. The seminar was opened by the Prime Minister Māris Kučinskis.
On Tuesday, May 24, the Minister for Finance Dana Reizniece-Ozola and the Cyprus Minister for Finance Charis Georgiades signed the Convention between the Government of the Republic of Latvia and the Government of Cyprus for the Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes on Income. This will promote the commercial activity, attraction of foreign investments, as well as facilitate the activities of investors in Latvia and Cyprus.