At the beginning of June 2024, tax debts in Latvia totaled EUR 833.058 million, which is 1.1 percent less from May and 3.4 percent less than the beginning of the year, 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 376.13 million, down 1.1 percent from the previous month, tax debts to local government budgets came to EUR 282.646 million, down 0.8 percent, while overdue social security contributions equaled EUR 174.282 million, which is a 1.5 percent decrease from a month ago.
As at June 1, current debts on which fines for late payment are being calculated made up 60.7 percent of the total amount, or EUR 505.962 million.
Debts worth EUR 2.395 million were recognized to be uncollectible, with the majority of these debts accumulated by companies that have been declared insolvent.
The total tax debt at the beginning of 2024 stood at EUR 862.392 million.
Source: BNS
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