Latvia's parliament has accepted Bill No. 1206 for consideration, which proposes reducing the VAT rate on firewood and thermal energy for household use from 12% to 5% between Jan. 1 and April 30, 2026. The bill also requires that invoices issued at the 12% rate during that period be corrected by the law’s entry‑into‑force date.
The bill proposes reducing the VAT rate from 12% to 5% for supplies of firewood and thermal energy to residents for household use and to residential building managers who invoice occupants, effective from Jan. 1 to April 30, 2026.
Invoices issued during the period at the 12% rate must be corrected by the law’s entry‑into‑force date.
Bill No. 1206 was accepted for consideration by the Latvian Parliament on Feb. 2, 2026.
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