International Internet Magazine. Baltic States news & analytics
Tuesday, 02.09.2014, 14:35
The Commission on Tax Disputes in Lithuania ruled in favour of the State Tax Inspectorate which found that bank SEB owes the budget a substantial amount in unpaid taxes. However, the bank may appeal to court, reports LETA/ELTA, referring to Vakaro zinios.
Keyword tags: Banks, Financial Services, Legislation, Lithuania, Taxation
The State Revenue Service of Latvia (SRS) is currently on a criminal case connected with possible fraud connected to the construction of Ainars Slesers' (United for Latvia) house in Jurmala, as the LTV news magazine "De Facto" reported last night, cites LETA.
Latvia must avoid unbalanced state budget, therefore Latvian politicians should not be overly enthusiastic with ideas about tax reductions, the head of the European Commission Representation in Latvia, Inna Steinbuka said in an interview with LNT television this morning, cites LETA.
Personal income tax revenue in municipalities' budgets in Latvia in 2014 could exceed the annual plan by EUR 4.1 million, the Finance Ministry forecasts, cites LETA.
Companies that were forced to face financial difficulties due to Russia's food embargo, will receive a tax-payment extension for up to five years in Latvia, the government decided yesterday, informs LETA.
For the state it takes years to recover taxes from commercial banks, while they increase service fees almost every month in Lithuania. Banks are assisted by influential intercessors in their disputes with the state, informs LETA/ELTA, referring to Lietuvos rytas.
When Russia imposed import bans in the past, Lithuanian traders successfully diversified their sales, shows the analysis carried out by the State Tax Inspectorate (VMI). 2013-2014 first half results of companies trading with Russia were compared, reports LETA/ELTA.