Latvia cuts VAT registration threshold
- Dec 5, 2017 | Richard Asquith
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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