- The Ministry of Finance states that reducing VAT on fuel in Latvia is not possible due to EU regulations.
- The EU VAT Directive requires a standard VAT rate for fuel, with no legal grounds for a reduced rate on gasoline or diesel.
- Some countries, like Poland and Spain, have temporarily reduced VAT on fuel, but the European Commission says this violates EU rules.
- The Ministry of Economy is working with other ministries and industry to address energy price fluctuations and support the population and businesses.
Source: news.inbox.lv
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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