Latvia's Ministry of Finance has announced that the State Budget for 2026 was adopted by the Saeima (parliament) in its second and final reading on 4 December 2025. As previously reported, budget tax measures are relatively limited, including the application of a reduced VAT rate of 12% on basic foods, including milk, bread, poultry meat, and eggs from 1 July 2026 to 30 June 2027. Other measur…