VAT reduction bill moves forward

Mar 10, 2010
From wire reports

RIGA - The People’s Party succeeded on March 9, with the help of the opposition, in gaining at least theoretical support from Saeima’s Budget and Finance (Taxation) Committee for forwarding their amendment to the law ‘On Value Added Tax’ for review in the full Saeima, reports news agency LETA. The amendment foresees the introduction of a reduced VAT rate for the tourism sector. At the meeting, Committee Chairman Guntis Berzins (New Era) called for review of the is ...

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