- 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.
Latest Posts in "Latvia"
- Comprehensive Guide on Fiscal Devices, Business Processes, Registration, Sales Channels, and Compliance Penalties
- Latvia’s Fiscalization System: Devices, Requirements, Documents, and Support for Compliance
- Guidelines for Using Electronic Devices in Tax Recording: Scope, Obligations, and Compliance Procedures
- Key Topics in Regulations for Electronic Tax Recording Devices and Equipment Requirements
- Latvia’s Mandatory Fiscalisation System: Hardware-Based Compliance and Certified POS Requirements