12 % VAT rate introduced on vegetables, berries, and fruit specific to Latvia; exemptions for businesses and residents (07.12.2023.)
The value added tax (VAT) on vegetables, berries, and fruit specific to Latvia will be set at 12 % next year, according to amendments to the Value Added Tax Law adopted by the Saeima in the final reading. The amendments also stipulate that from next year VAT will not apply to fees for sports competitions and activities organised by associations or foundations, or to fees for children's stays at camps. The amendments are related to the 2024 state budget.