Reduced VAT rates could be applied to medications, newspapers, food products and restaurants

  • 2020-02-12
  • LETA/TBT Staff
RIGA - As part of the forthcoming tax changes, several ministries have proposed applying a reduced value added tax rate to medicines, certain food products, restaurants and newspapers, according to ministries' proposals for changing tax policy guidelines for 2021-2025. This is an initial proposal that may change during discussions with the social partners. The government's action plan stipulates that the Finance Ministry has to develop medium-term guidelines for national tax policy by May 31. The purpose is to support improvement of people's...
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