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Latvian Saeima approves extension of tax payment terms for companies suffering from Russia's sanctions
BC, Riga, 18.09.2014.
Print version
Print versionSaeima passed several draft bills in the final reading today stipulating deferred or split tax payments for companies that have delayed tax payments due to Russia's restrictions on food import.
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The amendments stipulate split payments for specific terms or defer them for up to five years on the condition that the delay was caused by Russia's restrictions on European Union products, Saeima Press Service informed LETA.
Extended tax payment terms will be applied to those companies whose export to Russia is larger than 10% of the total amount of their produce.
The aim of these amendments is to provide support to those tax payers who are suffering financial difficulties in connection with Russia's restrictions.
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