- Latvian Parliament accepted Bill No. 1124 to amend the VAT Law.
- The bill proposes a 5% VAT rate for books and mass media publications, both printed and digital.
- A 12% VAT rate is proposed for certain food products, including fruits, vegetables, bread, milk, poultry, and eggs.
- The 12% rate for food products would apply from July 1, 2026, to June 30, 2027.
- The law would take effect on January 1, 2026.
Source: news.bloombergtax.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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