Latvia Tax Agency Issues Updated Methodological Material on Application of VAT to Various Services

The Latvian State Revenue Service Jan. 2 issued updated methodological material on the application of VAT to various services. Topics covered include: 1) the basic principles for determining the place of supply of services and the requirements for registration; 2) the application of VAT to particular services that are provided or received, including the reporting requirements for these transactions; 3) a zero percent VAT rate applicable to international passenger transport services and the handling and storage of goods related to import, export, or transit; 4) special cases where the place of supply of services is determined by different rules, such ...