5 Major Developments in Latvia

5 Major Developments in Latvia

• Implementation of DAC7
• Approval of regulation for digital platform financial info exchange under EU’s DAC7 Directive
• Food Retailers and Farmers Invite Latvian Government to Reduce VAT for Dairy Products
• Latvia Gazettes Regulation Implementing DAC7 EU Directive on AEOI
• New ECJ VAT Case C-87/23 (Latvijas Informācijas un komunikācijas tehnoloģijas asociācija)

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DAC7

• Approval of regulation for digital platform financial info exchange under EU’s DAC7 Directive

• Latvia Gazettes Regulation Implementing DAC7 EU Directive on AEOI

• Implementation of DAC7

ECJ (European Court of Justice)

• New ECJ VAT Case C-87/23 (Latvijas Informācijas un komunikācijas tehnoloģijas asociācija)

E-Commerce / Electronic services

• Tax Agency explains applicable VAT on online purchases of goods outside EU

Rate

• Food Retailers and Farmers Invite Latvian Government to Reduce VAT for Dairy Products

• Ministry of Health to look for ways to reduce taxes for prescribed medicines

Reporting Compliance

• 5 VAT Country guides on Latvia

• A guide to VAT – Doing business in Latvia