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““Ventspils nafta” terminals” recognised as the largest tax payer in Kurzeme planning region

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““Ventspils nafta” terminals” recognised as the largest tax payer in Kurzeme planning region

march 31, 2017 / News

On Thursday, 30 March, the State Revenue Service and the Ministry of Finance awarded the largest tax payers of 2016. ““Ventspils nafta” terminals” (VNT) was recognised as the Largest Tax Payer in the category of large tax payers in Kurzeme planning region in 2016. Other awards within the region were also received by AS UPB in the category of middle tax payers and SIA Sumata in the category of small tax payers.

The criteria for assessing and awarding of the largest tax payers in 2016 were defined in the special regulation developed by the State Revenue Service and covered not only the total value of transactions, status of the paid taxes and the registered average salary, but also the cooperation level with the State Revenue Service and the public image of the tax payer.

"We appreciate the recognition of our tax contribution by the Ministry of Finance. It pays tribute to the work and dedication of all employees contributing to the sustainable and profitable operation of the company. As a company, we believe in the unique advantages Latvia provides for us,” emphasises VNT General Manager Lars Pantzlaff. While there are also numerous challenges in today’s business environment VNT hopes to find a true partnership with all stakeholders in Latvia to ensure further contribute to the country in form of providing exciting employment opportunities, enhancing cargo flows and port performance, contributing to social initiatives, taking environmental responsibility, and thus being able to continue meaningful tax contributions to Latvia.

The performance of the company was also recognised by governmental and non-governmental organisations. In 2016, for the third year in a row, VNT received an award in the category “Best Employer in Kurzeme Region” presented by the online recruitment company “CV-Online Latvia”. The Employers' Confederation of Latvia named VNT Best Employer in Kurzeme Region, Ministry of Welfare granted us the status of “Family friendly company”. Also last year, for the second year in a row, the company received the Platinum award in the Sustainability Index, and the “VNT contractor safety improvement program” was awarded “Responsible business initiative of the year” on the CSR idea market. In turn, the Ministry of Environmental Protection and Regional Development awarded VNT the title of “Bicycle Friendly Company” for an active promotion of the cycling culture.

About VNT

VNT provides transit services – receipt, storage and handling of crude oil and petroleum products that come by pipelines, rail tank cars and tankers. VNT is a technologically advanced terminal and the largest crude oil and petroleum products transhipment company in the Baltic States with a total tank capacity of 1.2 million cubic meters.

Further information:

Janina Biteniece, communications projects manager

“Ventspils nafta termināls” Ltd

Phone: +371 25482399

E-mail: jan@vnt.vtti.com