Budget, Financial Services, Latvia, Taxation
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Monday, 13.05.2024, 13:49
Latvian Revenue Service collected 17.5% more than projected in taxes in January
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SRS planned to collect LVL 332.26 million in taxes in January, writes LETA.
State budget revenue in January exceeded the projected figure by 23.9% or LVL 41.39 million, amounting to LVL 214.59 million. However, the figure does not include revenue from natural resources and personal income taxes.
Value-added tax (VAT) revenue reached LVL 115.19 million, which is 16.6% or LVL 16.39 million more than expected.
LVL 42.29 million was collected in excise tax in January, 3.6% or LVL 1.57 million less than projected.
Revenue from corporate income tax fell short of the planned figure by 0.6% or LVL 92,300 and reached LVL 15.21 million.
Tax on gambling netted LVL 1.12 million to the state budget, which is 7.2% or LVL 75,500 more than expected.
Car and motorcycle tax revenue exceeded the plan by 38.7% or LVL 118,900 and reached LVL 425,900 in January, and customs tax revenue was 12.2% or LVL 200,600 more than anticipated – LVL 1.84 million altogether.
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