Amendments to the Value Added Tax (VAT) legislation entered into force starting 1 January 2020. The most significant changes affecting Latvia relate to the following:
- The procedure for the delivery of goods to a warehouse in another Member State (call-off stock);
The application of a 0% VAT rate in a chain transaction; and
The use of a VAT registration number in cross-border transactions.
Source: BDO
Latest Posts in "Latvia"
- Parliament Adopts 2026 Budget: Reduced VAT on Food, Maintains Lower Rate for Books and Periodicals
- Latvia Sets E-Invoicing Rules: Mandatory Reporting, Channels, and Deadlines from 2026 to 2028
- Latvia Clarifies VAT Simplified Regime Rules for Companies With Minimal Taxable Transactions
- Latvia Establishes Tax and Customs Police to Strengthen Fight Against Financial Crime
- Latvia Proposes Lower VAT on Firewood and Heating, Requires Invoice Corrections
