Prime Minister won’t follow other Baltic states with VAT increase to fund military Latvia’s Prime Minister, Evika Silina, has quashed speculation by here Finance Minister of a 1% VAT increase to 22%. But further tax rises will have to be found as security spend rises
Public consultation launched on Peppol structured e-invoicing in fight to combat VAT fraud Latvia is proposing to mandate B2B electronic invoices from 1 January 2026. This was proposed by the Ministry of Finance, and confirmed in a recent Shadow Economy Curtailment Plan 2024-2027. A public
Increase in Intrastat Arrivals threshold from 1 January 2024 Latvia has raised its Intrastat reporting thresholds for 2024 as follows Arrivals: increased to €350,000 per annum from €330,000 Dispatches: unchanged at €200,000 per annum Read more in our Latvia VAT guide. Check EU intrastat thresholds
Spiralling global electricity and gas prices force another European country to introduce VAT subsidy The Baltic state of Latvia is considering reassigning domestic electricity supplies from the standard VAT rate to 5% for 2023. The bill is now with Parliament. Any cut would include gas
The Baltic state of Latvia has moved the VAT return and payment from 20th to the 23rd of the month following the reporting period. Most businesses are on quarterly filing in Latvia unless they have intra-community supplies exceeding €50,000 per annum when they are on
COVID-19 tax support to key sectors The Baltic state of Latvia has introduced a reduced Value Added Tax rate of 5%. This will apply to certain fresh fruit, berries and vegetables. This includes fresh shelled, cut and packed produce. The new rate will only be
