International Internet Magazine. Baltic States news & analytics
Saturday, 18.04.2015, 07:53
Travellers crossing Lithuanian customs posts allowed to bring goods and fuel free of taxes 3 times per month17.04.2015
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
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.
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 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.
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.
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.
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.