Agri­cul­ture Min­istry to pro­pose re­duc­ing VAT on meat, milk, bread

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Agri­cul­ture Min­istry plans to pro­pose re­duc­ing value added tax rate for meat, milk, bread and fish, as con­firmed by Agri­cul­ture Min­istry’s par­lia­men­tary sec­re­tary Rin­golds Arnītis.

«If we no­tice ben­e­fits from re­duced VAT on fruits, veg­eta­bles and berries, we will def­i­nitely con­sider re­duc­ing VAT for food prod­ucts such as milk and meat. I would even go as far as to say that this may be the next step to help us achieve pos­i­tive re­sults. The same ap­plies to fish and bread. Those are food prod­uct groups in which re­duc­tion of VAT would give a se­ri­ous boost for man­u­fac­tur­ers and def­i­nitely ben­e­fit con­sumers’ wal­lets,» says Arnītis.

He adds that Agri­cul­ture Min­istry would con­sider propos­ing a re­duc­tion of VAT on afore­men­tioned food prod­ucts only af­ter care­ful con­sid­er­a­tion as to how it could af­fect the state bud­get.

Ieva Makare/LETA

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