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Gibraltar Removed From Latvia's Tax Blacklist

by Jason Gorringe, Lowtax.net, London
08 July, 2015

Latvia has told Gibraltar that the territory has been removed from its "tax haven" blacklist.

The announcement follows ongoing representations made by Gibraltar's Ministry of Financial Services to the Ministry of Finance in Latvia.

A senior Government official from the Republic of Latvia wrote to the Government of Gibraltar on July 1, 2015, acknowledging that "Gibraltar is considered as excluded from the list from the date from which both states are parties to the Convention on Mutual Administrative Assistance in Tax Matters (for Latvia from November 1, 2014)."

Albert Isola, Gibraltar's Minister with responsibility for Financial Services, said: "I am most grateful to our Latvian colleagues for their response to our petition which was based on the existence of internationally recognized mechanisms for exchange of tax information in force between Gibraltar and the Republic of Latvia. The Government continues to work tirelessly to be removed from the small number of other blacklists that do not accurately reflect our internationally cooperative stance on tax information exchange."

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