Posts tagged as State Revenue Service

Latvia: Over 8000 applications received for downtime aid

Thursday, December 17, 2020

The State Revenue Service (VID) received more than 8,000 applications for downtime benefits for November, VID Director General Ieva Jaunzeme told Latvian Television December 17. Most applications have been submitted by employers for their employees, as well as by self-employed persons and patent payers. The vast majority – over 1,000 – of the applications come from catering and accommodation services industries, and there are many applications for wholesale and retail…

Revenues to Latvia’s state budget 6% less than planned

Wednesday, June 10, 2020

In the first five months of 2020, the 6% less than expected has been collected for the state budget, the State Revenue Service (VID) told Saeima Budget and Finance Committee on June 10. According to VID operational data, EUR 3.9 billion has been collected towards the general government budget over the first five months of 2020. The budget revenue plan has been fulfilled by 94%. Finance Minister Jānis Reirs (New Unity)…

State budget 6% less than planned

Wednesday, June 10, 2020

In the first five months of 2020, the State budget has been 6% less than expected, State Revenue Service (VID) told Saeima Budget and Finance Committee on June 10. According to VID operational data, EUR 3.9 billion has been collected in the general government budget over the first five months of 2020. The budget revenue plan has been fulfilled by 94%. Finance Minister Jānis Reirs (New Unity) pointed out that…

Total tax debt in Latvia at EUR 954.5 mln in early May

Saturday, May 23, 2020

At the beginning of May 2020, tax debts in Latvia totaled EUR 954.542 million, an increase of 7.5% month-on-month, writes LETA, according to the State Revenue Service. This total includes current and suspended debts as well as debts with extended payment deadlines. Overdue social security contributions grew at the steepest rate over the past month. Tax debts to the central government basic budget stood at EUR 507.547 million, an increase…

Overpaid tax may be returned to residents automatically

Tuesday, July 24, 2018

Saeima’s Mandate, Ethics and Submissions Committee plans for an electronic system that would automatically pay back residents’ overpaid taxes starting from 2021, as confirmed by the committee’s Chairman Vitālijs Orlovs. This system’s adoption is planned for 2021, according to information from state institutions regarding financial and practical options. The committee currently views an initiative submitted by residents. It details a proposal for automatic repayment of overpaid taxes. This initiative received…