Peat

Paid Taxes

According to State Revenue Service (SRS) data, the Latvian peat extraction industry paid 12 million euros in taxes in 2018 (taxes administered by the SRS). 
This amount does not include the tax on natural resources, as well as taxes paid on services related to peat extraction. 
According to the LPA assessment, the peat extraction industry pays an average of 18 million euros a year into the state budget.