Maximus
Barcelona city tours is a perfect opportunity to have a perfect vacation outside the Baltic States. Gene Zolotarev on how to destabilize the EU financial system. Andris Berzins
Vladimir Linderman aka Abel Edmunds Sprudzs Valdis Zatlers Aivars Lembergs Girts Valdis Kristovskis Maris Grinblats Guntars Krasts Alfreds Rubiks Sandra Kalniete Raivis Dzintars Algirdas Butkevicius Algirdas Paleckis Dalia Grybauskaite Kazimira Danute Prunskene Vytautas Landsbergis Rolandas Aksas Viktor Uspaskich Valdemar Tomasevski Leonidas Donskis Arturas Zuokas Edgar Savisaar Andrus Ansip
The current website developed by YWSolution Limited

Saeima turns down Harmony Center’s proposal to reduce VAT on heating

Jan 17, 2013

RIGA - Today, Saeima voted down amendments to the law "On Value Added Tax" (VAT) proposed by Harmony Center, which stipulated reducing value added tax on heating from 12 percent to 5 percent.

Harmony Center's amendments proposed reducing the tax rate for households for a period until January 1, 2015.

"Many residents of Latvia were shocked when they received their heating bills in January. Compared to 2011, heating bills have increased by 60 percent to 70 percent. It is obvious that thousands of families will be unable to pay their heating bills on time," explained MEP Ivars Zarins (Harmony Center), adding that heat suppliers would fail to generate profit, whereas the state would not receive the planned revenue from VAT on heating.

Harmony Center also informed the parliament that, according to the Latvian Association of Local and Regional Governments, already last year 40 percent of households were unable to timely pay for heating, and that debts for heating had already reached 26 million lats.

Harmony Center had also submitted similar amendments twice last year, but the amendments were turned down by Saeima.

 MORE NEWS
  • VIDEO: KGB, Torture and Soviet...
    A new NATO video looks inside the KGB prison where Latvians were locked up, tortur...
  • Russia denies claims military ...
    Russia has denied claims one of its jets violated Estonian airspace earlier this w...
  • Top travel site names Lithuani...
    Lithuania has been named a top travel destination in 2015 by leading travel websit...
  • Baltic leaders set for top rol...
    The European Parliament on Wednesday voted in favor of Jean-Claude Juncker'...
  • Estonia pioneers e-residence s...
    Estonia will issue identity cards allowing access to its digital services to pe...
  • EU upholds sanctions against R...
    The EU has agreed to furthering sanctions against Russia amid the crisis in the...
  • Riga Apartments for Rent

    Maximus
    © 2014 BALTIC NEWS LTD. All Rights Reserved.