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Latvia VAT changes

  • Jan 16, 2016 | Richard Asquith
Latvia VAT changes

The Latvian VAT regime went through a number of minor changes on 1 January 2016. These included:

  • The right to deduct the VAT suffered on passenger cars was cut from 80% to 50%
  • The cash accounting VAT scheme is now available to home management service companies
  • VAT reporting period rights
  • Bad debt VAT credits
  • VAT liabilities on gambling activities
VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara