Latvia Tax Agency Posts Updated VAT FAQs on Use of Nonresident Online Platforms

The Latvian State Revenue Service Nov. 7 posted online updated VAT FAQs on the use of nonresident online platforms. Topics covered include: 1) mandatory VAT registration criteria, like the total value of transactions in a calendar year exceeding 50,000 euros (US$57,920), or the value of goods acquired in EU territory in the current year, exclusive of VAT and in the context of economic activity, exceeding 10,000 euros (US$11,583); 2) the electronic filing of registration applications in the Tax Agency’s system; 3) voluntary registration for VAT payers registered in other EU countries, if the 50,000 euro threshold isn’t met and services ...