- VAT for bread, milk, eggs, and fresh poultry will be reduced from July 1, 2026, to June 30, 2027
- These products will have a reduced VAT rate of 12 percent, down from the standard 21 percent
- The changes will decrease state budget revenue by 15 million euros in 2026 and 16.4 million euros in 2027
- Discussions continue in the Saeima about possibly applying the reduced VAT rate to pork
- The 2026 budget proposal is set to be submitted on October 15
Source: tvnet.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 Defines E-Invoicing Channels and Mandatory SRS Reporting Rules
- Latvia to Cut VAT on Books, Media, and Essential Foods from January 2026
- Excise Duty Law: Significant Increases and New Regulations for Alcoholic Beverages, Tobacco, and Soft Drinks
- Latvia Amends VAT Law: Reduced Rates for Books, Media, and Food Effective January 2026
- Latvia publishes Cabinet Regulation on e-invoicing and e-reporting
