Latvia Tax Debts Fall Slightly
Latvia’s Tax debt Shows Slight Decrease in April
Table of Contents
- Latvia’s Tax debt Shows Slight Decrease in April
- Latvia’s Tax Debt in April 2025: Key Figures and Trends
- What was the Total Tax Debt in latvia on April 1, 2025?
- How Did municipal Budget Debt Change?
- What Percentage of Total Debt Included Default Interest?
- How Much Debt Was Recognized as Uncollectible?
- How Much Debt Was Recognized under Regulations Concerning Recoverable Debts?
- How Much Debt Had a Repayment Period Granted?
- What Was the Amount of Suspended Debts for Insolvent Companies?
- What Was the Total Tax Debt at the Start of 2025?
- Key Data Summary
Latvia’s total tax debt to the state basic budget decreased slightly in April,according to recent data. As of April 1, 2025, the debt stood at EUR 345.466 million, a 2% decrease compared to the previous month.
Municipal budget Debt Also Declines
Debt owed to municipal budgets also saw a reduction. On April 1, 2025, this figure was EUR 300.132 million, representing a 3.1% decrease from March.
Majority of debt Accrues Default Interest
A notable portion of the total debt is subject to default interest. As of April 1, current debts for which default interest was calculated amounted to 61.6% of the total, or EUR 517.054 million.
Unpaid Debts Recognized for Liquidated Companies
Data from the State revenue Service (SRS) indicates that EUR 1.282 million in debts were recognized as uncollectible this year. thes debts were attributed to liquidated companies, pending the completion of the liquidation process.
regulations on Recoverable Debts
At the beginning of April, debts of EUR 515.772 million were recognized under regulations concerning recoverable debts, including EUR 222.517 million. However, EUR 293.254 million of the debt has been recognized as unrealistic to recover. Of the debt deemed unrealistic,debtors lack the funds and property to cover EUR 293.194 million, while the recovery timeframe has expired for EUR 60,200.
Repayment Period Granted for Significant Debt Amount
As of April 1, a repayment period was granted for a total debt of EUR 116.641 million, which is 20.9% more than at the beginning of the year.
Suspended Debts for Insolvent Companies
The amount of suspended debts, for which the calculation of default money has ceased, was EUR 205.382 million in early april. These debts are associated with insolvent companies.
Total Tax Debts at Start of 2025
on January 1, 2025, the total tax debts in Latvia amounted to EUR 844.276 million.
Latvia’s Tax Debt in April 2025: Key Figures and Trends
This article provides an overview of Latvia’s tax debt situation as of April 1, 2025, based on recent data. It highlights key figures, trends, and the status of different types of debt. Users interested in Latvian finances may be interested in tax debt in latvia, debt recovery, and the amount of debt subject to default interest.
What was the Total Tax Debt in latvia on April 1, 2025?
On April 1, 2025, latvia’s total tax debt to the state basic budget stood at EUR 345.466 million. This represented a 2% decrease compared to the previous month.
How Did municipal Budget Debt Change?
Debt owed to municipal budgets also decreased. As of April 1, 2025, this figure was EUR 300.132 million, reflecting a 3.1% decrease from March.
What Percentage of Total Debt Included Default Interest?
A notable portion of the total debt was subject to default interest. As of April 1, current debts with calculated default interest amounted to 61.6% of the total, or EUR 517.054 million.
How Much Debt Was Recognized as Uncollectible?
Data from the State Revenue Service (SRS) indicated that EUR 1.282 million in debts were recognized as uncollectible this year. These debts were attributed to liquidated companies, pending the completion of the liquidation process.
How Much Debt Was Recognized under Regulations Concerning Recoverable Debts?
At the beginning of April, a total of EUR 515.772 million in debts were recognized under regulations concerning recoverable debts. This included EUR 222.517 million.Though, EUR 293.254 million of this debt was deemed unrealistic to recover. Specifically, debtors lacked funds and property to cover EUR 293.194 million, and the recovery timeframe had expired for EUR 60,200.
How Much Debt Had a Repayment Period Granted?
As of April 1, a repayment period was granted for a total debt of EUR 116.641 million. This represents a 20.9% increase compared to the beginning of the year.
What Was the Amount of Suspended Debts for Insolvent Companies?
The amount of suspended debts, for which the calculation of default interest had ceased, was EUR 205.382 million in early April. These debts are associated with insolvent companies.
What Was the Total Tax Debt at the Start of 2025?
On January 1, 2025, the total tax debts in Latvia amounted to EUR 844.276 million.
Key Data Summary
Here’s a table summarizing some key data points from the report:
| Category | Amount (EUR Million) | notes |
|---|---|---|
| Total Tax Debt (April 1, 2025) | 345.466 | 2% decrease from the previous month |
| municipal Budget Debt (April 1,2025) | 300.132 | 3.1% decrease from March |
| Debt Subject to Default interest | 517.054 | 61.6% of total debt |
| Uncollectible Debts | 1.282 | Attributed to liquidated companies |
| Debts with Repayment Period | 116.641 | 20.9% increase from the beginning of the year |
| Suspended Debts | 205.382 | associated with insolvent companies |
| Total Tax Debt (January 1, 2025) | 844.276 | Start of the year figure |