02.04.22
Energy-related tax reductions
In line with what we’re seeing across Europe, Latvia’s governing coalition parties will meet to discuss reducing the VAT on energy from 21% to 5%. This is a significant reduction and shows the pressure governments are under to try and tackle rising inflation, amongst other issues.
This has not yet been implemented but the government should indicate their intentions over the coming weeks.
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Browse Latvia updates
VAT reduction on food products
- VAT/G(S)ST rate information
Proposed VAT reduction
- VAT/G(S)ST rate information
Energy-related tax reductions
- VAT/G(S)ST rate information
Introduction of mandatory e-invoicing
- Mandate information
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