The EC rapid assessment of VAT for 2021 shows that the VAT gap in Latvia continued its decreasing trend last year, although not at such a fast pace as previously, decreasing by another 0.2 percentage points. The rapid assessment follows a simplified methodology, but allows for an initial assessment for the year prior to the year of full publication of the report.
Source: lsm.lv
Latest Posts in "Latvia"
- Comprehensive Guide on Fiscal Devices, Business Processes, Registration, Sales Channels, and Compliance Penalties
- Latvia’s Fiscalization System: Devices, Requirements, Documents, and Support for Compliance
- Guidelines for Using Electronic Devices in Tax Recording: Scope, Obligations, and Compliance Procedures
- Key Topics in Regulations for Electronic Tax Recording Devices and Equipment Requirements
- Latvia’s Mandatory Fiscalisation System: Hardware-Based Compliance and Certified POS Requirements
