Latvia - PricingLatvia - Pricing
Customs duties information can be found from the Latvian Integrated Tariff Management System. Each company, except for state regulated sectors with monopoly features (telecommunications, electrical power, gas), is free to choose its pricing policy. However, a state anti-monopoly commission (Competition Council) provides oversight to ensure that no cartel agreements are made. The standard value added tax (VAT) rate in Latvia is 21 percent, but for certain goods and services the reduced rate of 12% and 5% is applied. For detailed information on taxes and fees, please visit website of the State Revenue Service of Latvia.