The EC rapid assessment of VAT for 2021 shows that the VAT gap in Latvia continued its decreasing trend last year, although not at such a fast pace as previously, decreasing by another 0.2 percentage points. The rapid assessment follows a simplified methodology, but allows for an initial assessment for the year prior to the year of full publication of the report.
Source: lsm.lv
Latest Posts in "Latvia"
- Latvia Clarifies VAT Exemption Criteria for Business Transfers in Asset Sale Agreements
- Latvia Postpones Mandatory B2B E-Invoicing to 2028, Allowing Businesses More Preparation Time
- Latvia Delays Mandatory B2B eInvoicing to 2028, Voluntary Adoption from 2026
- Latvia Proposes 2026 VAT Reductions for Publications and Essential Food Items
- Latvia Updates VAT FAQs for Nonresident Online Platforms: Registration, Filing, and Real Estate Rental Rules














