The Baltic state of Latvia has moved the VAT return and payment from 20th to the 23rd of the month following the reporting period. Most businesses are on quarterly filing in Latvia unless they have intra-community supplies exceeding €50,000 per annum when they are on monthly filings.
Latvian VAT registered businesses have the following other potential VAT reporting obligations
- Monthly European Sales Listing for goods and services supplies 20th of month following, and there is no reporting threshold.
- Intrastat monthly by the 10th of the following month for supply of goods above threshold: dispatches: €120k; arrivals: €220k.
- Domestic sales and purchases recapitulative lists required with each VAT return for transactions above €1,430.
- Annual VAT return required for financial services, material adjustments to VAT liabilities
If you need to complete indirect tax returns, VAT Calc’s VAT Filer can correctly complete any country filings with verified VAT or GST transactional data from our VAT Calculator or VAT Auditor tools.
