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Latvia to cut basic foods and energy VAT to 5% as inflation hits 21.5%

Author: Published on: Published in: Latvia

Parliament reviews VAT rate cuts on food and domestic energy till Dec 2025

The Latvian Ministry of Economics is considering a two-year cut in the Value Added Tax rate on basic foodstuffs from 21% to 5%.  This would cover meat, diary and bread. An extension to catering services is also being considered.  In addition, domestic heating would be reduced from 12% to 5%

A number of other EU states cutting VAT on basics and fuel.

The temporary cut to 5% could come into effect between January 2023 and December 2025.

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2026 Global VAT changes

2026
2026 Europe VAT registration and Intrasat threshold
1 Sept 2026 France E-invoice and e-reporting for B2B and B2C
1 Sept 2026 France e-Reporting mandate
1 Sept 2026 UK End of temp VAT cut to kids meals and attractions
1 Sept 2026 Hungary B2C digital receipts
1 Oct 2026 Poland Various VAT compliance updates
1 Oct 2026 North Macedonia E-invoicing mandate
1 Oct 2026 Moldova B2B e-invoicing mandate
1 Oct 2026 US Washington DC sales tax rise
1 Oct 2026 Uruguay Tourism VAT cut ends
12 Oct 2026 Greece Mandatory e-invoicing mandate
30 Oct 2026 UAE e-invoicing pilot deadline
1 Nov 2026 EU EU Customs €2 handling fee e-commerce parcels
1 Nov 2026 Japan Consumption Tax refund reforms
31 Dec 2026 Philippines E-invoicing first wave mandate
2027
1 Jan 2027 EU ViDA Single VAT Registration first phase
1 Jan 2027 Germany Large companies e-invoicing compulsory
1 Jan 2027 Italy New Consolidated VAT Code
1 Jan 2027 Spain Certified electronic invoicing requirements
1 Jan 2027 Sweden OSS updates
1 Jan 2027 Slovakia B2B e-invoicing mandate
1 Jan 2027 Slovakia VAT rates update
1 Jan 2027 Belgium 3% Digital Services Tax
1 Jan 2027 Portugal SAF-T Accounting becomes mandatory
1 Jan 2027 Portugal QES digital invoice mandate
1 Jan 2027 Estonia Mandatory B2B e-invoicing
1 Jan 2027 Estonia ESL and VAT return combined
1 Jan 2027 Czechia Electronic Reporting of Sales
1 Jan 2027 Hungary eVAT mandatory
1 Jan 2027 Croatia 2nd phase e-invoicing mandate
1 Jan 2027 Cyprus End temporary zero-rating of basic foodstuffs
1 Jan 2027 San Marino B2B e-invoicing extension
1 Jan 2027 Guernsey Implementation of 5% GST
1 Jan 2027 Norway Digital Bookkeeping mandate
1 Jan 2027 Serbia e-invoicing reforms
1 Jan 2027 Tajikistan VAT cut to 13%
1 Jan 2027 Ukraine SAF-T for all taxpayers
1 Jan 2027 UK Introduction of CBAM levy
1 Jan 2027 US California sales tax on digital services
1 Jan 2027 US Colorado expands sales tax on digital goods / services
1 Jan 2027 Vietnam 2% temporary VAT cut ends
1 Jan 2027 UAE Mandatory e-invoicing
1 Jan 2027 Malaysia Small businesses e-invoicing
1 Jan 2027 Liberia implementation of VAT
1 Jan 2027 Brazil VAT Split Payments introduction
1 Apr 2027 Oman B2B e-invoicing mandate
10 Apr 2027 Gibraltar Transaction Tax rise
1 July 2027 Portugal Expansion pre-filled VAT returns
1 Jul 2027 US South Dakota sales tax rises to 4.5%
1 Sep 2027 France Phase 2 mandatory e-invoicing
1 Oct 2027 Spain Potential mandatory B2B e-invoicing
2028
Jan 2028 EU DAC7 digital marketplace reporting overhaul
Jan 2028 Germany Small companies e-invoicing
Jan 2028 Belgium Near real-time transaction reporting
Jan 2028 Luxembourg B2B e-invoicing rollout
Jan 2028 Denmark Food VAT rate cut
1 Jan 2028 Switzerland Potential VAT rise to 8.8%
Jan 2028 EU EU Customs reforms
Jan 2028 Sweden Food VAT rate returns to 12%
Jan 2028 Switzerland VAT rise to 8.5% proposal
1 Jan 2028 Slovenia B2B e-invoicing mandate
1 Jan 2028 Latvia B2B e-invoices mandated
1 Jan 2028 Lithuania B2B e-invoice mandate
1 Jan 2028 Norway B2B e-invoicing and digital bookkeeping mandate
1 Jan 2028 Gibraltar 15% Transaction Tax implementation
1 Mar 2028 EU EU Customs Reforms
1 Mar 2028 EU €150 import consignment threshold removed
1 Mar 2028 EU IOSS incentives for marketplaces
1 Mar 2028 EU Securing IOSS - unique transaction number
1 Apr 2028 Japan Withdrawal e-commerce parcel Consumption Tax exemption
10 Apr 2028 Gibraltar Transaction Tax rise
1 Jul 2028 EU ViDA Transfer of Own Goods extension of OSS
1 Jul 2028 EU Call-off stock VAT simplification ends
1 Jul 2028 EU Harmonisation of B2B Reverse Charge rules
1 Jul 2028 EU Withdrawal Special Arrangements import VAT option
1 Jul 2028 EU VAT obligations for foreign e-commerce sellers & marketplaces
Jul 2028 Luxembourg Large business e-invoicing mandate
Oct 2028 Spain 2nd wave e-invoicing mandate
1 Nov 2028 Ireland Domestic e-reporting & e-reporting first phase
2029
1 Jan 2029 Bosnia B2B e-invoicing mandate
1 Apr 2029 UK B2B e-invoicing mandate
2030
Jan 2030 EU Accommodation & travel platforms deemed supplier for VAT
Jan 2030 Norway Digital Bookkeeping mandate
Jan 2030 South Africa E-invoicing mandate potential
1 Jul 2030 EU Digital Reporting Requirements including e-invoicing harmonisation
1 Jul 2030 EU Structured e-invoices supersede paper invoices
1 Jul 2030 EU EC Sales lists replaced by Digital Reporting Requirements
1 Jul 2030 EU ViDA 10-day limit e-invoice intra-community supplies
1 Jul 2030 EU Central VIES ViDA database
Jul 2030 Netherlands Proposed e-invoicing mandate
2031
1 Jan 2031 Ireland End of temporary VAT cut on energy
1 Jul 2031 Netherlands domestic e-reporting mandate
2032
1 Jul 2032 EU Digital VAT exemption certificate
2035
1 Jan 2035 EU Harmonisation to ViDA e-invoicing standards

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