Reduced VAT rate on local fruit, vegetables has negative impact on budget - Finance Ministry

  • 2020-09-15
  • LETA/TBT Staff
RIGA - Reduced value added tax (VAT) rate on local fruit and vegetables will leave a negative impact on the state budget, the Finance Ministry reported. National Alliance leader Raivis Dzintars said in the context of next year's budget that one of the unresolved issues is reduced VAT rate on fruit and vegetables. He said that so far the reduced VAT rate has ensured positive results. The Agricultural Ministry is ready to present an informative report in this respect. For example, shadow economy in the sector has reduced by 20 percent, the number of VAT payers has incre...
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