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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.

País/Territorio
Letonia
Tipo de documento
Reglamento
Fecha
2006
Fuente
FAO, FAOLEX
Materia
Bosques
Palabra clave
Madera Corte y extracción/explotación forestal Comercio interior Ordenación forestal/conservación de montes
Área geográphica
Europa, Europa y Central Asia, Países de la Unión Europea, Europa Septentrional
Resumen

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.

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