Latvia

Country	Latvia
Currency	Euro
EU Member State	Yes
Standard VAT rate	21%
Reduced VAT rate	12%
VAT registration limit for established businesses	35000 Euros
VAT registration limit for non-established businesses	Nil
VAT registration rate for distance sellers	35000 Euros
VAT return filing periods	Monthly/Quarterly
Annual returns	No (rare exceptions apply)
Intrastat thresholds: dispatches and arrivals	170000 Euros for arrivals/130000 Euros for dispatches
EC Sales Lists frequency	Monthly
Additional reporting requirements	No
VAT recovery by non-established non-EU businesses	Switzerland and Norway only
Reverse Charge	Yes for the majority of cross border activity
Fiscal representative required for non-EU businesses	Optional
Statute of limitations	3 Years