This Law provides for the natural resources tax. The purpose of the natural resources tax is to promote economically efficient use of natural resources, restrict pollution of the environment, reduce manufacturing and sale of environment polluting substances, promote implementation of new, environment-friendly technology, support sustainable development in the economy, as well as to ensure environmental protection measures financially. The Law further provides for exemption from the payment of tax; calculation of the tax for extraction and use of natural resources; calculation of the tax for goods harmful to the environment, for packaging, for coal, coke and lignite (brown coal), for disposable tableware and accessories, for radioactive substances, for vehicles and for fireworks; payment of the tax, reports on the calculated tax, division of tax payments and utilisation of local government special environmental protection budget resources; tax administration; and liability. In addition, the Law adopts Tax Rates for Extraction of Natural Resources (Annex No. 1); Tax Rates for Extraction of Water (Annex No. 2); Tax Rates for Disposal of Waste by 31 December 2016 (Annex No. 3); Tax Rates for Air Pollution (Annex No. 4); Tax Rates for Water Pollution (Annex No. 5); Tax Rates for Goods Harmful to the Environment (Annex No. 6); Tax Rates for the Packaging of Goods and Products and for Disposable Tableware and Accessories (Annex No. 7); Tax Rates for Radioactive Substances (Annex No. 8); and Tax Rates for Coal, Coke and Lignite (Brown coal) (Annex No. 9).
Latvia · 2005-12-15