As of 1 January 2018, the following VAT changes are notably set to come into force:
• Reverse charge mechanism will apply to certain supplies (i.e. metal goods; construction goods; supplies of consumer electronics and household electrical equipment);
• Current range of application of the reverse charge mechanism will be extended to construction services and certain technology supplies;
• Threshold for VAT registration in Latvia will be reduced to 40 000 EUR.
Source: 2017 August | VAT Systems
