Proposed VAT reduction

28/04/2022
flag
Latvia

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.

Sign up to receive our monthly insights newsletter

Industry reports and updates, delivered

Schedule a free consultation

We’ve built the world’s largest, compliant business transaction network helping global businesses progress on their journey to world-class performance.

Start your journey today!

Get in touch