VATReduction

VAT on fresh fruit and vegetables native to Latvia will remain at 12% – Krauze

The value added tax (VAT) rate for fresh fruit, berries and vegetables native to Latvia will remain at 12 percent in the next years as well, Minister of Agriculture Armands [..]

Lithuanian c. bank proposes reviewing taxes, reducing VAT gap as population ages

As the population ages, the Bank of Lithuania proposes reviewing existing tax exemptions and privileges, and income and wealth taxation, and reducing the VAT gap to increase budget revenue collection. [..]

United List urges residents to support proposal for reduced VAT rate on restaurants

Saeima opposition party United List is calling on residents to support an initiative to reduce value added tax rate for restaurants to 12 percent. “Latvian restaurants have been meeting with [..]