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Friday, 13.12.2019, 16:36
Latvia concerned about possibility to lose rights on deciding on its own taxes in respect to European digital tax - Karins04.12.2019
In respect to Europe's plans to introduce a digital tax, Latvia has concerns to lose its rights to decide on its own tax system, Latvian Prime Minister Krisjanis Karins (New Unity) told the press, referred LETA.
Keyword tags: EU – Baltic States, Internet, Taxation
There were 40,306 business operators registered as payers of micro enterprise tax in Latvia in early December this year, and 62,406 entities have been removed from the list, according to the statistics of the Latvian State Revenue Service writes LETA.
Companies operating out of the Klaipeda FEZ have earned 1.2 bn EUR and exported products worth 610 million last year. Even though these statistics are the sum of the effort from all 34 FEZ companies, it still makes the zone the biggest employer in the region, the biggest foreign direct investment magnet of the city and the county, as well as a significant contributor to the country-wide economic statistics, Klaipeda FEZ representatives informed BC.
Latvia: Culture Ministry proposes to revise regulations on advertising market, launch discussions on digital tax26.11.2019
The Culture Ministry proposes to revise regulations on advertising market so that media that create local contents may increase their revenue from advertising, the ministry's spokeswoman Lita Kokale reported.
Lithuania's state and municipal budgets received 8.817 bn euros in revenue in January-October, 2.3%, or 195.9 mln euros, more than it was planned, the Finance Ministry said LETA/BNS.
At the beginning of November, tax debts in Latvia totaled EUR 885.946 mln, down 0.9% m-o-m, according to the State Revenue Service writes LETA.
The Estonian Tax and Customs Board will enable from 2020 an option to directly donate the overpaid amount of income tax, informed LETA/BNS.