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Monday 21.05.2018 | Name days: Ingmārs, Ernestīne, Akvelīna
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Total tax debts in Latvia – EUR 1.255 billion

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUAt the beginning of April total tax debts in Latvia, including outstanding, halted and payment extensions, was EUR 1.255 billion, which is 3.2% lower than the previous month.

The state base budget had a debt of EUR 786.605 million, which is a decline by 4.7% when compared to the beginning of March. Municipal budgets had debts worth EUR 308.175 million, which is 0.2% more. Social insurance contributions debts were around EUR 160.311 million, which is 1.7% less, according to data from the State Revenue Service.

Outstanding debts applied with late fees formed 61% of the total debt volume or EUR 765.005 million on 1 April.

SRS data also shows that debts worth EUR 10.095 million were declared unenforceable on 1 April 2018. These debts formed from liquidated businesses prior to the end of their liquidation procedure.

Debts worth EUR 754.91 million were declared enforceable at the beginning of April. Of the debts declared unenforceable, debtors had money or property to afford to pay EUR 593.931 million. Expiration of enforcement came to force for debts worth EUR 2.18 million.

Repayment extension was provided to debts worth EUR 133.439 million. For debts worth EUR 356.647 million, creditors ceased calculation of late fees. This amount also included debts from insolvent businesses.

In March 2018, total debts in Latvia were equal to EUR 1.296 billion.


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