Country:Latvia
Year:2007 (January 1st)
Policy status:In Force
Jurisdiction:National
Date Effective:2007 (January 1st)
Policy Type:Economic Instruments>Fiscal/financial incentives>Tax relief, Economic Instruments>Fiscal/financial incentives>Taxes
Policy Target:Bioenergy, Bioenergy>Biofuels for transport, Bioenergy>Biofuels for transport>Bioethanol, Bioenergy>Biofuels for transport>Biodiesel, Bioenergy>Co-firing with fossil fuels
Policy Sector:Transport
Size of Plant Targeted:Small and Large
Agency:Ministry of Finance
URL:http://www.fm.gov.lv/en/s/taxes/excise_duty/
URL:http://www.vvc.gov.lv/export/sites/default/docs/LRTA/Likumi/On_Excise_Duties.doc
Legal References:Law On Excise Duties
Description:

The law aids the adoption of biofuels by reducing the rate of excise duties.

A reduced rate of excise duties is applicable to the following types of fuel:
– a mixture of unleaded petrol and ethyl alcohol with the content of ethyl alcohol from 70 to 85% by volume (inclusive) (E85);
– a mixture of diesel and biodiesel obtained from rapeseed oil, where the content of biodiesel is at least 30% by volume (B30);
– rapeseed oil that is sold or used as heating fuel or transport fuel and biofuel obtained completely from rapeseed oil (B100).

Last modified: Mon, 22 Jul 2013 12:50:45 CEST