International Internet Magazine. Baltic States news & analytics
Saturday, 22.10.2016, 08:11
The Transport Ministry in cooperation with experts has completed work on alternative road tax rates, which stipulate higher taxes for luxury automobiles with high carbon dioxide emissions. The tax is expected to provide EUR 93 mln to the budget this year and about as much in 2017.
Keyword tags: Car market, Latvia, Passenger cars, Taxation, Transport
The public Latvian Television (LTV) reported on Tuesday evening that the four candidates shortlisted for the third round in the competition for the top position at the State Revenue Service are Andris Nikitins, Kaspars Rumba, Kristaps Klauss and Ilze Cirule, reports LETA.
Tax hikes are inevitable as Latvia's population dwindles, according to a study carried out in cooperation with Oxford Research company and published in the Latvian Business Annual Report 2016 compiled by Firmas.lv and LETA.
Latvia is going to tumble into "a huge tax pit" in 2017 due to introduction of minimum social insurance contributions for employees which will mean a rise in labor costs, financial expert Agnese Pastare, the owner of PB Finanses accounting company, warned in an open letter to the Latvian top state officials, lawmakers, ministries and business organizations.
Inflation is low in Estonia, but still amongst the highest in the euro area.Without tax rises, prices would have remained at close to the same level as last year.Inflation will rise further in the coming months.
The problem of excessive use of thin and ultra thin plastic bags could be solved by a new tax that would motivate businesses to reduce the sale of lightweight plastic bags and use more environmentally friendly packaging, Estonian Finance Minister Sven Sester says LETA/BNS.
The Latvian Supreme Court today lifted the Riga Regional Court’s decision in a criminal case against Ilmars Poikans, a whistle-blowing hacker who under the nickname Neo accessed the database of the Latvian State Revenue Service (VID) and leaked the stolen data to the press in 2010, in the part where he was found guilty and sentenced to 100 hours of community service, reports LETA.