Financial Services, Latvia, Oil, Taxation

International Internet Magazine. Baltic States news & analytics Tuesday, 21.11.2017, 02:57

9% increase in tax revenue from excise-duty for oil products 2016 in Latviar

BC, Riga, 16.02.2017.Print version
EUR 465.75 mln in excise-duty from oil products sold in Latvia was collected last year, which is by EUR 37.43 mln or nine percent more than the previous year, according to information from the State Revenue Service writes LETA.

In 2016, there was a 10 percent or EUR 30.91 mln increase in excise-duty collected from fuel sales.


The SRS points out that this additional tax revenue was due to the increase in the excise duty for oil products last year, as well as an increase in sales.






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