Excise Taxes in Latvia in 2016
From January 1st, 2016 excise taxes for fuel has been increased. For example, excise tax for unleaded fuel increased from 411,21 EUR to 436 EUR (per 1000 litres), for petroleum gases and other gaseous hydrocarbons from 161 EUR to 206 EUR (per 1000 litres), etc.
Starting from January 1st, 2016 excise taxes has also been raised for alcoholic beverages. For example, for beer it is increased for 1 EUR and it is 4,8 EUR (per 100 litres), for vine the tax is increased from 64,03 EUR (in January 1st, 2015) to 82 EUR (per 100 litres), other alcoholic beverages with absolute alcohol content more than 22 per cent by volume is increased from 1337,50 EUR (in January 1st, 2015) to 1500 EUR (per 100 litres).
From January 1st, 2016 excise duty for smoking tobacco (for pipes and rolling tobacco) increased from 60 EUR to 62 EUR (per 1000 grams). Starting from July 1st, 2016 duty tax will be applicable also for heated tobacco. Excise tax for heated tobacco will be 62 EUR (per 1000 grams).
For alcoholic beverages and tobacco products the increment of excise taxes will continue gradually till April 1st, 2018.
Should you wish our assistance regarding taxation please contact our English speaking tax consultants in Latvia at email@example.com.
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