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Latvia cuts VAT registration threshold

  • VAT
  • 5 December 2017 | Richard Asquith

Latvia cuts VAT registration threshold

Latvia is to introduce a number of changes to its VAT compliance regime from 1 January 2018. These include:

  • Introducing the domestic reverse charge, to combat VAT fraud, on constructions services, precious metals, certain consumer electronic appliances and sales of games consoles
  • Reduction in the annual VAT registration threshold from €50,000 to €40,000
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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.