- The Latvian State Revenue Service issued updated guidelines on special VAT regimes for electronic communications, broadcasting, and electronically supplied services on January 2
- The material includes general information, definitions, relevant examples, and applicable regulations
- It details the types of services that qualify for special VAT regimes
- Guidelines on taxpayer registration for these regimes and criteria for exclusion from the EU or non-EU regimes are provided
- Information on how to submit declarations and make tax payments under these regimes is included
- The guidelines help determine the place of supply for services to taxable entities in another EU country or to non-taxable entities
- They also cover VAT refunds for services purchased domestically in Latvia
Source: news.bloombergtax.com
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.
