Latvia new Intrastat reporting thresholds 2024
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
Latvia B2B e-invoicing end of 2025
Continuous Transaction Control (CTC) structured e-invoicing in fight to combat VAT fraud Latvia is proposing to introduce B2B electronic invoices by the end of 2025. This was proposed by the Ministry of Finance, and confirmed in a recent Shadow Economy Curtailment Plan 2024-2027. Latvia estimates
Latvia to cut domestic electricity VAT temporarily to 5% 2023
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
Latvia moves VAT return deadline to 23rd
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
Latvia 5% reduced rate until 31 December 2023
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