Budget, Financial Services, Latvia, Taxation
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Wednesday, 08.05.2024, 19:01
Tax revenues to Latvian consolidated budget grow EUR 326.3 mln in 2015
BC, Riga, 08.02.2016.
Print version
Print versionIn 2015, tax revenues to the general government consolidated budget were EUR 7 billion, growing by 4.9% from EUR 6.67 billion collected in 2014 in Latvia, the information published by the Finance Ministry suggests, cites LETA.
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Revenues to the central government basic budget rose by EUR 207.3 million or 6.1%, revenues to the central government special budget increased by EUR 72.6 million or 3.7%, while revenues to the local government budget grew by EUR 46.4 million or 3.5%.
In 2015 social insurance contributions increased by 3.7%, revenues from the value added tax (VAT) rose by 5.5%, revenues from the personal income tax increased by 3.7%, and revenues from the excise tax rose by 6.4%, while revenues from corporate income tax increased by 8%.
The Finance Ministry noted that last year tax revenues accounted for 28.2% of the planned gross domestic product (GDP), which is the highest level in the past years.
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