Name: Baker Tilly
Price range: $

Transactions Other industries

Major amendments to Transfer Pricing Legislation - Applicable for 2025 reporting

At the end of 2025, amendments to the Law “On Taxes and Fees” (section 15.2) significantly changed the transfer pricing landscape in Latvia. The objective of these amendments is, as of 1 January 2026, to modernize the transfer pricing compliance and audit process by reducing the administrative burden on taxpayers and increasing the efficiency of the State Revenue Service (SRS) (increasing taxpayer risks).

Reinis Ceplis Jan 15, 2026