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European Commission Approves Increase in Latvian VAT Threshold to Boost Small Business Growth

  • European Commission adopted proposal for Council Decision on increase in Latvian VAT annual turnover threshold
  • Proposal authorizes Latvia to increase annual turnover threshold for VAT exemptions to 50,000 euros
  • Repeals Implementing Decision (EU) 2017/2408
  • Decision would take effect upon notification and apply until Dec. 31, 2024

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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.

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