04.28.22
Proposed VAT reduction
Inflation continues to bite in many European countries. Latvia is no exception – and has been forced to address its fiscal operations considering this.
To this effect, the Latvian Parliament is considering a VAT reduction on basic foodstuff to 5%.
If passed in Parliament, this VAT reduction is expected to come into force on 1st July 2022 and last for some duration- until 30 June 2024.
Compliance is complicated
Want to learn more about how Tungsten Network makes the process of staying compliant easier?
Browse Latvia updates
VAT reduction on food products
- VAT/G(S)ST rate information
Proposed VAT reduction
- VAT/G(S)ST rate information
Energy-related tax reductions
- VAT/G(S)ST rate information
Introduction of mandatory e-invoicing
- Mandate information