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    • Latvia VAT News - UK Based Global VAT and Tax Compliance Consultants
    10
    Aug

    Latvia To Reduce Basic Food VAT to 5%


    Latvia To Reduce Basic Food VAT to 5%. 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. Cuts on duties on fuels and electricity levies are also being considered. The temporary cut to 5% could come into effect on until 30 June 2024


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    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.