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Latvia Introduces Reduced VAT For Fruit, Vegetables

by Ulrika Lomas, Tax-News.com, Brussels

01 January 2018


Latvia introduced a reduced rate of value-added tax on certain locally grown fruit, berries, and vegetables on January 1.

A five percent rate is newly in place, instead of the 21 percent rate on all other foodstuffs but baby food, which is subject to a 12 percent rate.

Several political parties had proposed a reduction for a broader range of goods. However, proposals to reduce VAT on bread, fresh meat, milk products, and fish were rejected, as was a proposal to establish a higher VAT rate for unhealthy food.

Latvia also lowered its value-added tax registration threshold on January 1, 2018, from EUR50,000 to EUR40,000 (USD47,060).

TAGS: VAT rates | tax | value added tax (VAT) | Latvia | food | services | VAT goods & services classification

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