date:Sep 27, 2020
The Latvian government has decided that in the next three years - until 2023 - a reduced value added tax rate of 5% will remain in force for vegetables, fruits and berries typical of Latvia. Three years ago, the rate was reduced to stimulate the competitiveness of local producers and reduce the shadow economy, reports Latvijas Radio.
To prevent this step from hitting the budget, it was decided that the Ministry of Agriculture would pay 3 million Euro for the initiative from its own funds.
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