The minimum income criterion for purchasing branded diesel fuel will increase
On Tuesday, October 1, the government approved amendments prepared by the Ministry of Agriculture to the procedure for applying a reduced excise tax rate to marked (labeled) diesel fuel for the cultivation of agricultural and forest or swamp land where cranberries or blueberries are cultivated, and for the cultivation of land under fish ponds.
The regulations stipulate that from the 2020/2021 financial year, agricultural producers who are eligible to purchase diesel fuel at a reduced excise tax rate will have to ensure a higher minimum income criterion – for conventional farms, the minimum income requirement has been increased from 285 euros/ha to 350 euros/ha, and for organic farms – from 200 euros/ha to 210 euros/ha.
The regulations also specify that the agricultural producer does not need to submit a certificate issued by the Latvian Fruit Growers Association regarding the cultivation of forest or bog land.
Rules “Amendments to the Cabinet of Ministers Regulation No. 194 of 14 April 2015 “Procedures for applying a reduced excise duty rate to marked (labelled) diesel fuel (gas oil) used for the production of agricultural products, the cultivation of agricultural land and the cultivation of forest or swamp land where cranberries or blueberries are cultivated, as well as the cultivation of land under fish ponds”” shall enter into force on the day following their publication in the Official Gazette "Latvian Gazette".
Source: Ministry of Agriculture