Latvian stores promise lower prices as reduced VAT on essential food products takes effect soon

An agreement was signed on Friday at the Ministry of Economics (EM) with food retailers and retail sector representatives to ensure the full transfer of the value-added tax (VAT) reduction from 21% to 12% to consumer prices for certain essential food products starting from the 1st of July this year. During the event, the parties […] The post Latvian stores promise lower prices as reduced VAT on essential food products takes effect soon appeared first on Baltic News Network.