- Latvian Ministry of Finance released draft amendments to VAT Law
- Key proposals include cross-border VAT exemptions for SMEs, VAT registration threshold calculation changes, mandatory registration for exceeding threshold, transitional period for VAT payers, and harmonization with EU requirements
- Amendments intended to take effect on January 1, 2025
- Aim to align VAT legal framework with EU regulations.
Source: globalvatcompliance.com
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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.
