Latvia has introduced a number of changes regarding the administration of value added tax (VAT) for 2017. The main changes include:
- The abolishment of the semiannual (six-month) VAT return period for low turnover businesses, with such businesses now required to file quarterly (first quarterly return for 2017 due 20 April);
- Newly established businesses are required to file VAT returns monthly for at least the first six months of operation, after which monthly or quarterly filing will apply de…