Shadow economy

International Internet Magazine. Baltic States news & analytics Saturday, 18.04.2015, 07:53

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Travellers crossing Lithuanian customs posts allowed to bring goods and fuel free of taxes 3 times per month

Travellers crossing Lithuanian customs posts allowed to bring goods and fuel free of taxes 3 times per month

17.04.2015

From 1 May 2015, goods carried in travellers` personal baggage or fuel in a private car are allowed to enter the Republic of Lithuania free of duties and taxes not more than 3 times per calendar month, reports BC press service of Lithuanian Customs.

Keyword tags: Legislation, Lithuania, Shadow economy, Transport



Latvian PM: fight against shadow economy more important than tax cuts

Latvian PM: fight against shadow economy more important than tax cuts

06.03.2015

In response to the International Monetary Fund's recommendation to discontinue reducing the personal income tax rate, Prime Minister Laimdota Straujuma (Unity) notes that tax reductions is not an urgent issue, Straujuma's press secretary Aiva Rozenberga informed LETA.

Lithuania to be among most transparent EU countries in 2025

Lithuania to be among most transparent EU countries in 2025

04.03.2015

Deputy Director of the Special Investigation Service (STT) Romas Zienka says that in 2025 Lithuania should come within the top 10 of the most transparent Member States of the European Union, informs LETA/ELTA.


Underground economy in Lithuania contracted by nearly 1% in 2014

Underground economy in Lithuania contracted by nearly 1% in 2014

25.02.2015

Underground economy is contracting, it shrunk by 0.9% in 2014, said Lithuania’s Prime Minister Algirdas Butkevicius after the meeting with representatives of responsible institutions, informs LETA/ELTA.

Lithuania lacks perception on what is corruption in private sector

Lithuania lacks perception on what is corruption in private sector

10.12.2014

The European Union and national legislation obliges to establish liability for corruption in the private sector. Meanwhile, Lithuania lacks a definition of what is corruption in the private sector, says Dr Petras Ragauskas, chief research staff member of the Institute of Law, cites LETA/ELTA.

09.12.2014

Latvia to use EUR 6.6 mln to combat shadow economy in 2015

The Finance Ministry in Latvia is planning to use additional funding of EUR 7.228 million in 2015, EUR 6.6 million of which will be used to combat shadow economy, informs LETA.

08.12.2014

Every second Lithuania’s resident would bribe

Polls have showed that Lithuanian society's intolerance to corruption has been growing. Justice Minister Juozas Bernatonis says that Lithuanians' attitude towards corruption has fundamentally changed in 20 years of independence, as well as the conditions under which they work, informs LETA/ELTA.

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