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Latvia Updates VAT Rules for Timber Transactions

  • Updated guidance on VAT for timber transactions
  • VAT registration requirements for transactions exceeding 50,000 euros
  • 21 percent VAT rate
  • Special tax regime for transactions between registered VAT payers

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.

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