- Latvia amended its VAT Law to introduce reduced VAT rates.
- 5% VAT applies to specified printed/online books and educational materials.
- 5% VAT applies to subscription fees for certain printed/electronic media.
- 12% VAT applies to fresh fruit, berries, and vegetables under certain conditions.
- 12% VAT applies to various food items (bread, milk, poultry, meat, eggs) from July 1, 2026, to June 30, 2027; law effective 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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