
Article 1 
By way of derogation from Article 287(10) of Directive 2006/112/EC, the Republic of Latvia is authorised to exempt from VAT taxable persons whose annual turnover is no higher than the equivalent in national currency of EUR 50 000 at the conversion rate on the day of its accession to the European Union.
Article 2 
This Decision shall take effect on the day of its notification.
It shall expire on either the date of entry into force of a Directive amending the amounts of the annual turnover ceilings below which taxable persons may qualify for VAT exemption or on 31 December 2013, whichever date is earlier.
Article 3 
This Decision is addressed to the Republic of Latvia.
Done at Brussels, 27 September 2010.
For the Council
The President
K. PEETERS