Reduced VAT Rate Shows Modest Impact on Latvian Shopping Baskets

A survey by Norstat for LSM.lv indicates that only 40% of the population has noticed the reduction in the value-added tax (VAT) rate for certain food products, which took effect on July 1, suggesting a modest impact.

25 Aug, 05:32 — 25 Aug, 05:32

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lsm-englishMostly Factual2d ago

Reduced VAT rate has made modest impact on shopping baskets

The reduction in the value-added tax (VAT) rate for certain food products, which came into effect on July 1, has been noticed by only 40% of the population, according to a survey by the research company "Norstat" commissioned by LSM.lv.

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Reduced VAT Rate Shows Modest Impact on Latvian Shopping Baskets

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Reduced VAT rate has made modest impact on shopping baskets

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