- Latvian Parliament approved tax changes for the 2026 state budget.
- A temporary 12% VAT rate (down from 21%) will apply to essential foods (bread, milk, fresh poultry, eggs) from July 1, 2026, to June 30, 2027.
- The 12% VAT rate for fresh fruits, berries, and vegetables typical to Latvia becomes permanent from January 1, 2026.
- The 5% reduced VAT rate for books and media will only apply to publications in Latvian, official EU, or OECD languages; others will be taxed at 21%.
Source: fiscal-requirements.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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