- Latvia plans a temporary 12% VAT rate on essential food items from 1 July 2026 to 30 June 2027.
- The reduced rate covers various breads, fresh/sterilised/pasteurised milk (not ultra-sterilised), fresh chilled poultry meat, and fresh poultry eggs.
- The measure is intended to ease the burden of high food prices on households.
- It was introduced due to global price fluctuations, higher energy and transport costs, and geopolitical instability.
- Parliamentary approval is still required before it takes effect.
Source: marosavat.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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