- The Association of Latvian Fruit and Vegetable Traders is dissatisfied with the plan to abolish the reduced VAT rate on fruits and vegetables grown in Latvia.
- They believe that this decision will boost the shadow economy and harm local producers.
- The association criticizes Agriculture Minister Armands Krauze for supporting the restoration of the 21% VAT rate for fruit and vegetables.
- They argue that removing the reduced rate will lead to a rise in the shadow economy and make it difficult for local wholesalers to compete with traders from neighboring countries.
- The association highlights that the reduced VAT rate has improved the sector by reducing the shadow economy and decreasing the deception of shoppers with imported produce.
- They call for politicians to be held accountable for their decisions and their impact on the industry and public welfare.
Source: eng.lsm.lv
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.
Latest Posts in "Latvia"
- Latvia Approves 12% VAT Rate on Basic Foods from July 2026
- Latvia Government Approves 12% VAT Cut on Basic Foods Starting July 2026
- Latvia Enforces Strict Penalties for Non-Compliance with Fiscalization Rules
- Finance Ministry Names Responsible Parties for Ensuring Reduced VAT Benefits Reach Consumers
- Latvia Parliament Amends Tax Administration Rules on Late Payment Interest
