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Decree No. 1028 of the Cabinet of Ministers validating the Regulation on the modalities of application of value added tax (VAT) to transactions with timber.

Country/Territory
Latvia
Document type
Regulation
Date
2006
Source
FAO, FAOLEX
Subject
Forestry
Keyword
Timber Timber extraction/logging Internal trade Forest management/forest conservation
Geographical area
Europe, Europe and Central Asia, European Union Countries, Northern Europe
Abstract

This Decree establishes the modalities of calculation and application of value added tax (VAT) to internal commercial transactions with timber. It also regulates mutual payments between supplier and customer of timber and contains the form of registration recipe of transactions with timber. This Decree establishes the modalities of calculation of the volume of timber (measurement, assessment, timber extraction). Commercial transactions related to timber shall be performed as cashless settlements.

Full text
Russian
Website
latvia.news-city.info