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Latvia VAT return update

  • Jul 8, 2017 | Richard Asquith

Latvia VAT return update

Latvia has recently changed its VAT returns.  Including:

  • Lowering of the threshold for disclosing individual invoices from €1,430 to €150
  • It has adopted a new tax code, C, for reporting local and intra-community acquisitions, as well as imports of vehicles.

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.