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  "path": "/latvian-stores-promise-lower-prices-as-reduced-vat-on-essential-food-products-takes-effect-soon-280505",
  "publishedAt": "2026-05-22T09:15:30.000Z",
  "site": "https://bnn-news.com",
  "tags": [
    "Latvia",
    "Social",
    "essential needs",
    "Featured",
    "food prices",
    "food retailers",
    "low-price food basket",
    "PTAC",
    "VAT",
    "Latvian stores promise lower prices as reduced VAT on essential food products takes effect soon",
    "Baltic News Network"
  ],
  "textContent": "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 […]\n\nThe post Latvian stores promise lower prices as reduced VAT on essential food products takes effect soon appeared first on Baltic News Network.",
  "title": "Latvian stores promise lower prices as reduced VAT on essential food products takes effect soon"
}