RIGA - President Andris Berzins positively assesses the government's decision to reduce personal income tax and value added tax (VAT) rates, as Berzins said in an interview with the Latvian State Television this morning.
Berzins pointed out that the taxes will be harmonized and that is a very normal process.
Commenting the recent objections to the planned VAT reduction and calls to reduce the VAT rate on energy resources, Berzins emphasized that Latvia's use of energy resources and its relation to GDP is huge, therefore it is necessary to consider reducing energy consumption, not the applicable VAT rate.
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