- Ministry of Finance has proposed draft amendments to the VAT law for small businesses
- The amendments aim to simplify the VAT process for small businesses
- The changes include raising the threshold for VAT registration for small businesses
- The amendments are still in the draft stage and will need to be approved before implementation.
Source: research.ibfd.org
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.
Latest Posts in "Latvia"
- Latvia’s Fiscalization Journey: Enhancing Tax Transparency and Accountability Since 2014
- Amendments to VAT and Excise Duty Procedures for Diplomatic and International Organizations in Latvia
- Latvia’s Fiscalization System: Devices, Requirements, Documents, and Support for Compliance
- Comprehensive Guide on Fiscal Devices, Business Processes, Registration, Sales Channels, and Compliance Penalties
- Guidelines for Using Electronic Devices in Tax Recording: Scope, Obligations, and Compliance Procedures
