Latvia Tax Agency Posts Updated FAQs on VAT

The Latvian State Revenue Service March 18 posted online updated FAQs on the application of VAT. Topics covered include: 1) the determination of VAT based the economic content and essence of a transaction; 2) the application of VAT to the entire value of real estate transactions, including land and buildings; 3) the special VAT regime for the performance of construction work, including construction repair services; 4) the procedures for calculating and paying VAT on imported goods from other EU countries, for tax representatives excluded from the VAT register who haven’t re-registered; 5) place of supply rules for services such as ...