Bill on lowering tourism VAT in Latvia is sent to Saeima

The People's Party succeeded today, with the help of the opposition, in gaining theoretical support from the Saeima's Budget and Finance (Taxation) Committee for forwarding their amendment to the law "On Value Added Tax" (VAT) for review in the full Saeima in Latvia. The amendment foresees the introduction of a reduced VAT rate for the tourism sector. ... Read more...