Vehicle Operation Taxes and Company Car Taxes
From January 1st, 2016 the vehicle operation tax for vehicles with gross weight till 12 000 kg is increased more than twice in almost all weight categories. For example, for vehicles with gross weight till 1500 kg the operation tax is increased from 17,07 EUR to 36 EUR, in weight category from 1501 kg till 1800 kg the amount of operation tax has increased from 34,15 EUR to 72 EUR, etc.
The amount of Company car tax is increased, however, not as sharply as it is to operation tax. For vehicles that engine capacity is up to 2000 cm3, tax increased for almost 2 euros and the amount of tax is 29 EUR/ per month. For vehicles that engine capacity from 2001 cm3 till 2500 cm3 the tax is 46 EUR/ per month, and for vehicles that engine capacity is above 2500 cm3 the company car tax starting from January 1st, 2016 is 62 EUR/ per month.
Starting from January 1st, 2016 the car tax shall also be applicable for taxicabs, until these amendments, taxicabs were exempt from paying company car tax.
Should you wish our assistance regarding taxation please contact our English speaking tax consultants in Latvia at info@gencs.eu.
T: +371 67240090
F: +371 67240091