Standard

21%

Reduced

12%

Other

Zero-rated and exempt

Latvia VAT number format

Businesses in Latvia that are required to collect tax will be issued an identification number. Tax identification numbers can be verified with the State Revenue Service, and will follow a certain format. The VAT number format is LV12345678901.

Latvia VAT return periods

Businesses in Latvia that are required to collect tax from consumers must file regular tax returns with the State Revenue Service in Riga. Latvia's VAT return periods are:

Monthly, quarterly and semiannually

Latvia Value-added tax (VAT) Thresholds

These are the revenue thresholds at which businesses in Latvia are required to start collecting and remitting tax.

Registration:

Businesses established in Latvia

EUR50,000

Businesses established elsewhere

First taxable supply (specific exemptions apply)

Distance selling

EUR35,000

Intra-Community acquisitions

EUR10,000 (for non-taxable legal and private persons who perform business activities and are registered in Latvia)

Recovery of VAT by non-established businesses

Non-established businesses are small, unincorporated businesses that sell taxable goods and may consist of a single individual, or several. Non-incorporated businesses in Latvia are required to collect taxes from the consumer.

Latvia VAT Refunds

Latvia has a VAT refund program that allows tourists and others to receive a refund of any Latvia VAT paid on goods purchased in Latvia that are being exported from the country.

The minimum purchase amount needed to claim a VAT refund is €44.00 Euros (which would yield a VAT refund of about €9.24). SalesTaxHandbook has detailed information about Latvia's VAT refund program: