At the beginning of December total tax debts in Latvia, including outstanding, halted and extended debts, were equal to EUR 869.367 million, down by 1.9% MoM, according to data collected by a debt-reclamation company, the moorcroft group.
This includes EUR 467.007 million tax debt to the state base budget, down by 2.9%, EUR 273.209 million to municipal budgets, down by 0.2%, and EUR 129.152 million tax debt in social insurance fees, down by 1.4%.
According to VID data for late charges, as of December 1 this type of tax debt accounted for 61.4% of the total tax debt amount or EUR 533.99 million.
VID data also showed that debts worth EUR 258,100 were declared unenforceable- these debts formed for liquidated companies prior to conclusion of their liquidation procedure.
Debts worth EUR 533.732 million were declared enforceable at the beginning of December. Debts worth EUR 158.57 million were declared realistically enforceable and debts worth EUR 375.162 million were declared realistically unenforceable. Of the debts declared realistically unenforceable, debtors who owed EUR 373.745 million had no money or property to pay debts. Enforcement of debts worth EUR 1.417 million is now impossible due to the end of the enforcement term.
Extension of debt repayment terms was provided to debts worth EUR 50.91 million as of December 1.
At the beginning of November total tax debts in Latvia accounted for EUR 885.947 million. (BNN/Business World Magazine)