When do Latvia's new Intrastat thresholds take effect?

They take effect on 1 January 2026.

What are the new Intrastat Arrivals and Dispatches thresholds for Latvia?

The Arrivals threshold is €380,000 per annum and the Dispatches threshold is €220,000.

How do Latvia's new thresholds compare to the previous ones?

They increase from €350,000 to €380,000 for Arrivals and from €200,000 to €220,000 for Dispatches.

Latvia New Intrastat Reporting Thresholds 2024

Latvia Parliament Considers Bill to Amend VAT Law

Bloomberg Tax · 3 months ago

Latvia's parliament has accepted Bill No. 1206 for consideration, which proposes reducing the VAT rate on firewood and thermal energy for household use from 12% to 5% between Jan. 1 and April 30, 2026. The bill also requires that invoices issued at the 12% rate during that period be corrected by the law’s entry‑into‑force date.

Latvia Defines e-Invoicing Channels and Mandatory SRS Reporting Rules

SNI Technology · 4 months ago

Latvia’s Cabinet Regulation, effective 1 January 2026, mandates structured electronic invoicing and reporting to the State Revenue Service (SRS) for all B2G, G2B, and G2G transactions, with B2B reporting becoming mandatory from 1 January 2028. The regulation specifies four delivery channels—e‑adrese, certified service providers, EDI, and email—each linked to a distinct SRS reporting method and requires XML invoices in UBL 2.1 or Peppol BIS Billing 3.0. Invoices must be reported within five working days of issuance, with contingency rules for technical disruptions.

Base imponibile IVA delle operazioni permutative

Commercialista Telematico · about 8 hours ago

The 2026 Italian Budget Law amended the VAT base for permutative operations, aligning with EU Directive 2006/112/CE. The new rule requires the taxable base to be the normal value of goods and services, defined as the price a transferee would pay in free competition to an independent third party. This change applies to all permutative operations under Italian VAT law.

EU VAT in the Digital Age: ViDA Harmonisation Drift

VatCalc · about 11 hours ago

The article reviews progress on the EU's ViDA VAT reform pillars, noting technical discussions from the 42nd VAT Expert Group and Future of VAT Group meetings. It highlights key dates such as the 13 February 2026 approval of EN16931, the 1 January 2027 effective date for Phase 1 Single VAT Registration changes, and the €10,000 threshold debate. While the Digital Reporting Requirements pillar is slated for July 2030 and the Platform Economy pillar for July 2028–January 2030, implementation details remain unsettled.

Vladimir Putin approved an experiment to defer VAT payments for importers

AKM · about 15 hours ago

Russia's President Vladimir Putin has approved a new experiment allowing importers to defer VAT payments for up to three months from the release of goods. Eligible companies must be registered as authorized economic operators or backbone companies, apply a general taxation regime, and have no arrears or legal proceedings. The decree sets specific eligibility criteria and a 3‑month deferral window.

Government appeals VAT ruling on public charge points

Electrifying · about 15 hours ago

The UK Treasury has appealed a tax tribunal decision that ruled public electric vehicle charge points should be subject to 5% VAT. The tribunal had determined that public charge points fall within the domestic electricity supply VAT cut, but the government is contesting this. The appeal was lodged within the 56‑day deadline.