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Latvia VAT registration threshold extension

  • Jul 13, 2020 | Richard Asquith

Latvia VAT registration threshold extension

Latvia is applying for an extension to its €40,000 annual VAT registration threshold until 31 December 2024.

Under Article 287(10) of the VAT Directive, Latvia may exempt from VAT taxable persons whose annual turnover is no higher than the equivalent in national currency of EUR 17 200 at the conversion rate on the day of its accession. By virtue of Council Implementing Decision 2010/584/EU2 Latvia was authorised to apply a higher threshold and thus to exempt from VAT taxable persons with an annual turnover not exceeding EUR 50 000.

This measure was extended by Council Implementing Decision 2014/796/EU3 until 31 December 2017. By Council Implementing Decision (EU) 2017/24084, Latvia was authorised to extend the measure until 31 December 2020 and, at the same time, to decrease the exemption threshold from €50,000 to €40,000. 


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Researching Latvian VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

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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 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.