- Latvia will introduce a temporary 12% VAT rate on essential foods like milk, bread, poultry, and eggs (excluding ultra-sterilized milk).
- The reduced VAT will be effective from July 1, 2026, to June 30, 2027.
- The measure still requires parliamentary approval.
- The aim is to ease rising food costs and benefit low
- and middle-income households.
Source: fiscal-requirements.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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