Latvia is set to significantly reform its natural resources tax framework for renewable energy projects, introducing a substantial reduction in the BESS tax rate from EUR 17.03/kg to EUR 2.00/kg and expanding exemption eligibility beyond solar installations. The amendments will eliminate the current 1 MW minimum capacity threshold and remove supplier guarantee exemptions, while establishing new procedures for waste management compliance across all battery storage systems.

Sustainability and Taxes—two words that can send shivers down the spine of some business leaders. However, in a move to encourage companies to adopt more sustainable practices...

On 26 October 2006, the Parliament approved a number of amendments to the law on Taxes and Duties, the most essential of which are liberalization of the tax penalty provisions and changes in the rules concerning cash payments.