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Latvia VAT measures for coronavirus

  • Jul 10, 2020 | Richard Asquith

10 July - an extension of the speedty credit refund process within 30 days until the end of 2020.

Latvia is to grant tax delays to businesses during the COVID-19 crisis. Businesses may request a delay on tax – VAT is presumed to be included – until 30 June 2020. But an application must be submitted for review first.

The Value Added Tax credit balances on submitted returns will be refunded within 30 days instead of being held over until the end of the year.

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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: richard.asquith@avalara.com. He is part of the European leadership team which won International Tax Review's 2019 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.

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