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Thursday, 28.03.2024, 12:52
Saeima approves reduced 5% VAT rate on fresh fruit, vegetables
The reduced VAT rate will be charged on fruit and vegetables from January
1, 2018 to December 31, 2020.
As they debated the draft amendments, lawmakers rejected proposals to
change the initiative or expand the application of the reduced VAT rate. MP Julija Stepanenko (Harmony), for
instance, proposed charging a reduced 12% VAT rate on bread, fresh meat, fish,
milk and butter.
The Saeima faction of For Latvia from the Heart, meanwhile, proposed a
reduced VAT rate on dairy products and bread, as well as food services,
excluding alcohol.
A proposal by MP Vitalijs Orlovs
(Harmony) to set the 5% VAT rate on government-funded medicines was also struck
down.
At the moment, a reduced 12% VAT rate applies to baby food, while the
standard 21% VAT rate applies to all other food products.