- Initiative to introduce reduced VAT of 12% for public catering in Latvia
- Aim is to make catering services more accessible and reduce shadow economy
- Most EU countries have reduced VAT rate for public catering
- Expected benefits include increased turnover, profit margins, and employment
- Initiative will not reduce prices but contribute to tax payments
- Ministry of Finance and Ministry of Economics asked to prepare calculations for evaluation
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.
