05.27.22
VAT reduction on food products
In response to rising costs, the Latvian government is proposing to reduce VAT on food. Such a reduction is expected to amount to a deficit of 100 million Euros in the State Budget, following trends across the Europe.
We expect further clarity from the Latvian government regarding specific details around VAT reductions.
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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