- Reduced Tax Rates Introduced: Amendments to the Value Added Tax Law establish a reduced tax rate of 5% for educational materials and publications in official languages, including printed and electronic formats, as well as a 12% rate for specific food products like bread, milk, poultry meat, and eggs.
- Transitional Provisions Added: A transitional provision specifies that the 12% tax rate for certain food products will be applicable from July 1, 2026, until July 30, 2027, ensuring a gradual implementation of the changes.
- Annex Updates: The law introduces a new Annex 2 detailing the specific food products eligible for the reduced tax rate, including various types of bread and dairy, alongside permissible additives and exemptions, effective from January 1, 2026.
Source likumi.lv
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