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How to calculate Natural resource tax on packaging of imported goods?
Packaging material is taxed at the following rates:
LVL/kg of packaging | |
Glass | 0. 040 |
Plastic | 0. 090 |
PET | 0. 105 |
Metal | 0. 060 |
Paper, cardboard or other laminate materials with components of metal or polymer | 0. 060 |
Wood, paper, cardboard or other natural fibre raw materials | 0. 012 |
NRT should be calculated on the basis of detailed information on packaging materials provided in cargo or package certificates. If cargo or package certificates are no available at the moment of clearance or they do not identify clearly various components of packaging, the maximum rate (0,105 LVL/kg) is applied to 25% of the gross weight of cargo.
Example
Natural resources tax is levied in respect of imported packaging, which in accordance with the documentation consists of the following:
Type of packaging | Weight
| NRT rate LVL/kg | Tax due LVL |
glass (bottles) | 80 | 0.040 | 3.20 |
paper and similar (boxes, labels) | 12 | 0.012 | 0.14 |
plastics | 4 | 0.090 | 0.36 |
metal | 1 | 0.060 | 0.06 |
TOTAL | LVL | 3.76 |
SIA A has purchased 200 bottles (1 liter) of champagne from a French producer X for USD 2000. Delivery terms specify EXW Paris. The bottles are shipped to Ventspils port by a ship for USD 300. Transportation from the producer’s factory in Paris to a French sea-port is undertaken by an external transport company for USD 50. In both cases transportation costs include insurance and loading costs. A is using its own truck to deliver the bottles from Ventspils to a warehouse in Riga.
- What tax implications should be considered when paying a non-resident?
- What penalties would apply for late payment of Corporate Income Tax?
- How to calculate Natural resource tax on packaging of imported goods?
- When do I have to submit social insurance returns and pay my contributions, if I am a foreigner employed in Latvia by a foreign company?
Last updated: 20.04.2006
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