Saeima Considers Reduced VAT on Catering to Boost Accessibility and Combat Shadow Economy

• The Saeima will consider a proposal to introduce a reduced VAT rate of 12% for public catering in Latvia.
• The initiative is supported by over 11 thousand Latvian citizens.
• The authors believe that reducing the VAT rate will make public catering more accessible, combat the shadow economy, and increase competitiveness in the Baltic region.
• Caterers have been advocating for a reduced VAT rate since 2018, but the proposal has not been supported thus far.

Source: eng.lsm.lv

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.