31 August 2022
Due to a rapid increase in inflation, the Latvian Ministry of Economics is considering a two-year cut in the VAT rate on basic foods such as meat, dairy, and bread.
If implemented, the VAT rate would decrease from the standard rate of 21% to the reduced rate of 5%.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
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