- 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.
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