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VAT number format

LV 1234 567 8901

Latest news from Latvia

Latvia makes changes to its VAT legislation

From 1 January 2018 the Latvian government will introduce a number of changes to the VAT legislation in the country. These changes include:- The introduction of a domestic reverse charge to combat VAT fraud on constructions services, precious metals, certain consumer electronic appliances and sales of games consoles. The new mechanism will mean that businesses… Read More

Latvia – Proposed 5% VAT rate for fresh fruit and vegetables sales

From 1 January 2018, the Ministry of Finance is proposing to introduce a reduced VAT rate of 5% on supplies of fruits, berries and vegetables in Latvia.

Latvia cuts its VAT registration threshold

From 1 January 2018, the Latvian annual VAT registration threshold for resident businesses will reduce from €50,000 to €40,000 per annum. This will not affect non-resident businesses who have a nil threshold and have to register from the first sale that they make in the country.