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Generic Tax Name Subsidised electricity tax
Tax name in the national language Subsidētās elektroenerģijas nodoklis
Tax name in English Subsidised electricity tax
Member State LV-Latvia
Tax in force since 2014/01/01
If abolished, date on which the tax ceases to apply
Business version date 2015/01/01
Version date 2015/02/17
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

Law on Subsidised Electricity Tax.

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




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Beneficiary





Comments
 
Geographical Scope

Territory of the Republic of Latvia.

 
Taxpayers

Producers of electricity, who are entitled to:

  1. sell electricity under the mandatory procurement;
  2. receive a guaranteed fee for the combined heat and power (CHP) plant or installed electrical capacity;

wind power stations began generation of electricity until December 2002 and sell electricity in accordance with the conditions in Energy law paragraph 40 (into force from October 6, 1998 till June 7, 2005).

 
Tax object and basis of assessment

An income that is obtained from

  1. sold electricity in mandatory procurement;
  2. received guaranteed payment for a cogeneration unit or installed electrical capacity;

sold electricity in accordance with the conditions of Energy law paragraph 40 (into force from October 6, 1998 till June 7, 2005).

 
Deductions, Allowances, Credits, Exemptions
 
Rate(s) Structure

SET rates are following:

15% of income from sold and supported electricity which is produced from fossil energy sources;

10% of  income from sold and supported electricity which is produced from renewable energy (RES);

5% of income from sold and supported electricity which is produced in efficient CHP (fossil energy sources – with electricity capacity till 4 (MW); renewable energy sources – without electricity capacity limit), whose produced heat is delivered to centralized heating systems.

 5% of income from sold and supported electricity which is produced in efficient CHP which belongs to specific agricultural sector company or is using heat energy in agricultural sector (de minimis system).

 
Tax due date

5 days after the end of the taxation period (one calendar month).

 
Tax collector

State Revenue Service.

 
Special features

The tax applies to the taxable income earned from January 1, 2014 to December 31, 2017.

 
Economic function







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Environmental taxes



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Tax revenue
ESA95 code d214i

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