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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 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 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.