Tourism sector welcomes VAT cut

Mar 17, 2010
From wire reports

RIGA - Latvia’s ruling coalition parties agreed on March 15 that the value-added tax rate for the tourism sector would be reduced from 21 percent to 10 percent, reports news agency LETA. Saeima will now review the proposed amendment in its first reading. The People’s Party succeeded, with the help of the opposition, in gaining support from the Saeima’s Budget and Finance (Taxation) Committee for forwarding their amendment to the law ‘On Value Added Tax’ (VAT) ...

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