The Latvian parliament has recently adopted amendments to the Value Added Tax Law.

It is expected that the amendments will be implemented on 1 June 2017.

These major amendments are expected to cover the following issues:

  • Time frame of input VAT deduction,
  • Deduction of input tax for bad debts to be adjusted,
  • Terminology regarding construction services to be aligned with the relevant terminology under the Construction Law.

Further details will be published in due course.