Latvia
Europe
What special rules apply in Latvia to the sale, issuance, or redemption of Giftcards?
The sale of Giftcards is permitted and widespread. Electronic Giftcards are subject to data protection law and must be clearly identified in online commerce.
How are Giftcards treated for tax purposes in Latvia (VAT, single-purpose / multi-purpose)?
Latvia has implemented EU Directive 2016/1065. Single-purpose Giftcards are taxed at the time of issue, while multi-purpose Giftcards are taxed upon redemption.
What consumer rights apply in Latvia for expired Giftcards?
Under Latvian law, Giftcards expire after the stated period. If no period is stated, the Giftcard is considered valid without limitation.
Is there a legal rule in Latvia on the validity period of Giftcards?
In Latvia there is no specific statutory regulation on the validity period of Giftcards. Under the Civil Code, a general limitation period of ten years applies, and merchants may set validity periods provided they are clearly stated.