- The Saeima will consider a proposal to introduce a reduced VAT rate of 12% for public catering in Latvia.
- The initiative is supported by over 11 thousand Latvian citizens.
- The authors believe that reducing the VAT rate will make public catering more accessible, combat the shadow economy, and increase competitiveness in the Baltic region.
- Caterers have been advocating for a reduced VAT rate since 2018, but the proposal has not been supported thus far.
Source: eng.lsm.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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