Books and periodicals to receive a reduced 5 % VAT rate (15.11.2021.)
As of next year, books, newspapers, and periodicals are to be subject to a reduced rate of value added tax (VAT) of 5 %. This is provided for in the amendments to the Value Added Tax Law adopted by the Saeima in the final reading on Monday, 15 November. The amendments are introduced in relation to the state budget for 2022.