- Latvian State Revenue Service issued clarification on VAT liability for transfer of fixed business assets
- Individual taxpayer registered for VAT sought guidance on VAT implications of transferring fixed assets to new farm
- Tax Agency clarified that transfer of property to farm could not be considered a company transfer under Commercial Law
- Taxpayer not required to calculate VAT on transfer of fixed assets
Source: globalvatcompliance.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.
Latest Posts in "Latvia"
- Latvia Government Approves 12% VAT Cut on Basic Foods Starting July 2026
- Latvia Enforces Strict Penalties for Non-Compliance with Fiscalization Rules
- Finance Ministry Names Responsible Parties for Ensuring Reduced VAT Benefits Reach Consumers
- Latvia Parliament Amends Tax Administration Rules on Late Payment Interest
- Latvia to Raise VAT on Russian-Language Publications from 5% to 21%
