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Latvia VAT 2014 changes

  • Dec 20, 2013 | Richard Asquith

Latvia VAT 2014 changes

There have been a number of changes to the Latvian VAT code which will come into effect in January 2014.  This includes:

  • For advertising costs, the low-value gift thresholds will not apply
  • The requirement to appoint a VAT fiscal representative by non-resident taxable persons is withdrawn
  • Services provided between members of cost savings agreements will be exempt from VAT
  • Losses which may be deducted from any VAT liability will now be based on the same principles as the corporation tax rules.
  • For the purposes of determining the proportion of VAT supplies which are liable to VAT or exempt, rounded-up percentages should be used.

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 can be contacted at: He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.