Farmers Reject Proposed 12% VAT on Produce, Urge Government to Maintain 5% Rate

• Farmers strongly reject proposed 12% VAT rate on produce
• Government’s offer not acceptable to farmers’ organizations
• Farmers urge government to find a solution within five days
• Reduced VAT rate of 5% for produce was introduced in 2018
• Government agreed to extend reduced VAT rate until end of 2023

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.

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