VATLive > Blog > EU VAT > Latvia cuts VAT registration threshold - Avalara

Latvia cuts VAT registration threshold

  • EU VAT
  • Aug 25, 2017 | Richard Asquith

Latvia cuts VAT registration threshold

Latvia’s parliament has ratified proposals to reduce the annual Value Added Tax registration threshold from €50,000 to €40,000 per annum.

The new level above which it is compulsory to register the supply of taxable goods or services will apply from 1 January 2018.

Latest Latvian news
VAT Reporting update 17.12.1
January 13, 2018

Overview This release is a maintenance release of the VAT Reporting application for December 2017. It includes new reports for 2017 yearly filings and changes...
VAT rate changes for 2018
December 20, 2017

Below is a summary of the principle VAT rate changes in the European Union and the rest of the world on 1 January 2018. Find...
Latvia new 5% reduced VAT
December 13, 2017

Latvia's Ministry of Finance has confirmed plans to introduce a new, super reduced VAT rate of 5% from 1 January 2018. The new rate will apply...

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.