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Tuesday, 24.05.2016, 12:55
The State Revenue Service carried out 643 inspections at various markets in Latvia in 2015, ascertaining violations in 93% of all inspections. In January-April 2016, the Revenue Service carried out 164 such inspections, but the proportion of violations has decreased to 85%, as the Revenue Service informed LETA.
Keyword tags: Financial Services, Latvia, Legislation, Markets and Companies, Taxation
The Estonian Tax and Customs Board in April 2016 collected 495.9 million euros in taxes, 2.6% more than in April 2015, the Ministry of Finance said LETA/BNS.
In April 2016, 189.8 million euros of revenue was paid into the treasury of the City of Tallinn, which makes up 33.8% of the full-year target without financing activities, informs LETA/BNS.
The Tallinn circuit court on May 9th did not satisfy an appeal made by the listed Estonian retailer Tallinna Kaubamaja Grupp regarding returning the sales tax paid by its subsidiaries Viking Motors, TKM King and TKM Beauty, while the dispute between subsidiaries of Tallinna Kaubamaja Grupp, Selver AS and Kaubamaja AS, and the Tallinn Enterprise Department in regard to excise goods is to continue in the circuit court, the company told the stock exchange, cites LETA/BNS.
Although the overall amount of taxes collected in Latvia is among the smallest in the European Union (EU), the tax burden on law-abiding taxpayers is quite high, Uldis Rutkaste, the head of the Monetary Policy Department of the Bank of Latvia, said during a debate organized by the Latvian central bank, cites LETA.
The Latvian State Revenue Service has met the tax revenue target by 100.6% in the first four months of this year with actual revenue EUR 14.376 million above the planned amount, reports LETA, according to the information from the tax authority.
Saeima in Latvia on May 5th backed in the first reading the Justice Ministry's proposal not to change properties' cadastral value in 2016, informs LETA.