Latvia VAT profile
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Latvia VAT Profile
| Standard VAT Rate | 21% |
| Reduced VAT Rate | 5%, 12% |
| EU VAT Number | LV99999999999 |
| VAT Registration | VAT registration is mandatory when your turnover exceeds or is likely to exceed the VAT registration thresholds. |
| VAT Registration Thresholds | EU wide distance selling threshold - EUR 10,000 (Total annual intra community distance sales) SME Thresholds (Resident & EU Businesses) - EUR 50,000 Non resident - There is no registration threshold IC Acquisitions - EUR 10,000" |
| Fiscal representative required for non EU companies | A fiscal representative is required for Non EU companies |
| VAT Compliance | Businesses registered for VAT are required to comply with local rules, regulation and requirements for collecting, reporting and remitting VAT. |
| Periodic VAT Returns | Periodic VAT Return must be filed by each taxpayer that is registered for VAT to report and account for VAT on sales and purchases made. Filing Frequency -Monthly: If the value of taxable transactions during the pre-assessment year or current taxation year exceeds EUR 50,000 - Quarterly: If the value of taxable transactions during the pre-assessment year or current taxation year not exceeds EUR 50,000 Filing and Payment Deadline - 20th of the month following the reference period. |
| Annual VAT Returns | Annual VAT return must be submitted only if: a) The proportion of taxable and non-taxable transactions for the taxation year changes. b) Any adjustment of the tax payable or the deducted input tax has been performed c) if a deposit system is applied to reusable packaging in accordance with the laws and regulations in the field of packaging Filing Deadline: 1st May following the reporting year |
| Intrastat | INTRASTAT is a statistical data collection system used to record the movement of goods between European Union member countries. Declaration must be filed once the annual threshold is exceeded. Thresholds: Arrivals: EUR 380,000 Dispatches: EUR 220,000 Filing Frequency Monthly Filing Deadline 10th day of the month following the reporting period |
| EC Sales List | EC Sales List is a declaration summarises the value (per customer) of intra-community supplies of goods and services between EU Member States . An EC Sales List is required to be filed once a business performs intra-community supplies. Filing Frequency - Monthly: This is a standard filing frequency Filing Deadline - 20th day of the month following the reference period." |
| EC Purchase List | EC Purchase List is a declaration summarises the value (per supplier) of intra-community acquisition of goods EU Member States . An EC Purchase List is required to be filed once a business performs intra-community purchases. Filing Frequency: - Monthly: This is a standard filing frequency Filing deadline: - 20th day of the month following the reference period |
| Other VAT Declarations | Communication of Data (VAT ledger statement) is a declaration requiring details of certain transactions to be reported by all businesses registered in Latvia Filing Frequency - Monthly - Quarterly Filing Deadline 20th of the month following the reporting period |
Latest VAT News Latvia
Latest tax technology news and blog posts
Latvia – 2026 Budget adopted by Parliament
The Latvian Parliament officially approved a major reduction in the VAT rate for several basic food items as part of the 2026 state budget. The changes introduce a […]
New Intrastat thresholds in Latvia
For the 2026 statistical year, Latvia has established updated Intrastat exemption thresholds to determine reporting obligations for intra-EU trade. Businesses exceeding these limits must submit monthly declarations to […]
Latvia – VAT Cut on Basic Foods
The Latvian government approved application of a reduced VAT rate of 12% on milk (with exception to ultra-sterilised milk), bread, poultry meat and eggs from 1 July […]