Latvia’s Proposal to Raise VAT Rate on Fruit and Vegetables Sparks Controversy

• Latvian government plans to increase VAT rate on fruit and vegetables from 5% to 12%
• The current reduced VAT rate of 5% was introduced in 2018 as a pilot project
• The government agreed to extend the reduced VAT rate until December 31, 2023
• The proposed increase will take effect from January 1, 2024

Source: meridianglobalservices.com

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.

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