Regulatory Alerts2024-02-16
Regulation No 216 on Compiling and Submitting Statistical Data on Job Contracts for Working in Foreign Countries
Latvijas Banka issued Regulation No 216 to establish requirements for Latvian reporting agents to compile and submit statistical data on job contracts for working in foreign countries. The regulation mandates that these reports be submitted electronically or in paper form by the 15th of the following month, detailing contract terms, monthly salaries, and currency codes. This regulation repeals the previous 2013 version and takes effect on 1 January 2023 to support the central bank's balance of payments compilation.
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