- Latvia is proposing to increase the VAT registration threshold from €40,000 to €50,000 per year.
- This increase will only apply to resident businesses, while non-resident businesses will still have a nil-threshold.
- The proposed change is part of the Latvian draft Budget and will need to be reviewed and approved by Parliament.
- If approved, the new threshold will come into effect on 1 January 2024.
Source: vatcalc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
