Latvia: VAT Law Amendments Go Into Effect

May 24, 2017 Lee Pender

Latvia has adopted several amendments to its VAT Act. Included among these amendments are adjustments to the timing of VAT input deductions, adjustments to the section on the deductions of bad debts, and updated references to European Council Regulations. Additional amendments eliminate the exemption for services provided by cooperative societies, and specify that non-Latvian EU businesses do not have to register in Latvia if their only taxable supplies in Latvia are to Allied (NATO) Headquarters. Finally, the amendments update language relating to construction services in the VAT Act, to be consistent with Latvia’s Construction Law. The majority of the amendments take effect June 1, 2017, with  a few provisions effective January 1, 2018.

The post Latvia: VAT Law Amendments Go Into Effect appeared first on Sovos.

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