RIGA – At the beginning of January 2018, tax debts in Latvia totaled EUR 1.217 billion, down 3 percent from December 2017, according to the information released by the State Revenue Service (VID).
This total includes current and suspended debts as well as debts with extended payment deadlines.
Tax debts to the central government basic budget stood at EUR 749.818 million, down 3.8 percent month-on-month, tax debts to local government budgets came to EUR 310.954 million, down 1.5 percent, while overdue social security contributions equaled EUR 156.195 million, down 2.1 percent.
As at January 1, 2018, current debts on which fines for late payment are being calculated made up 63.2 percent of the total amount or EUR 768.658 million.
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Read the full article at: https://www.baltictimes.com/tax_debts_total_eur_1_2517_billion_in_latvia_in_early_january/
