Latvia – New 5% VAT rate for books and press

From 1st January 2022, the VAT rate applicable to books and printed media in physical and electronic format is reduced from 12% to 5%.

This measure follows EU Member States’s wishes to impose the same rate of VAT on books and written press in both physical and electronic formats.

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Until then, the print and electronic media were taxed at 9%. It will now be taxable at 0%. This change takes place on January1st, 2023.
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