Latvia cuts VAT registration threshold

Wed 6th Dec 2017

Latvia is to introduce a number of changes to its VAT compliance regime from 1 January 2018. These include:

  • Introducing the domestic reverse charge, to combat VAT fraud, on constructions services, precious metals, certain consumer electronic appliances and sales of games consoles
  • Reduction in the annual VAT registration threshold from €50,000 to €40,000

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