- Latvia proposes VAT changes for 2026, adjusting reduced rates for publications and essential food items.
- The 5% reduced VAT rate will apply only to publications in Latvian, Latgalian, Livonian, and official languages of the EU, EEA, Switzerland, EU candidate countries, and OECD members.
- A one-year pilot will lower VAT to 12% on bread, fresh milk, fresh poultry meat, and fresh poultry eggs from July 1, 2026, to June 30, 2027.
- These food items are currently taxed at 21% VAT.
- The goal is to ease food prices, support vulnerable groups, and help local producers compete with imports.
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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