International Internet Magazine. Baltic States news & analytics
Sunday, 04.12.2016, 03:51
The planned reform of micro enterprise tax, which is charged on small enterprises in Latvia, will be postponed until a new alternative regulation is adopted, Prime Minister Maris Kucinskis (Greens/Farmers) and Economics Minister Arvils Aseradens agreed with the Latvian Chamber of Commerce and Industry (LCCI) on Friday, BC told LCCI representative.
Keyword tags: Business, Good for Business, Latvia, Law and Regulations, Markets and Companies, Taxation
Tax revenues to the Latvian general government consolidated budget in the first ten months of 2016 meet the target by 100.4 %, exceeding the planned revenues by EUR 26.2 mln, the Finance Ministry said.
Estonian Tax and Customs Board on Tuesday launched an application for declaring parcels online, writes LETA/BNS.
The opposition Latvian Alliance of Regions (LRA) has requested Latvian President Raimonds Vejonis not to promulgate the legislative amendments under which the mandatory state social insurance contributions will have to be paid based on the full amount of minimum wage even in case of part-time employees receiving less than the minimum wage, reports LETA.
The aspen pulp producer Estonian Cell is seeking cancellation of a planned 2.3-fold rise in excise duty on natural gas or alternatively a tax exception for large companies as otherwise the company's previous investments in energy efficiency would be rendered pointless, writes LETA/BNS.
Taking into account changes to social contributions from 2017, Latvijas Propana Gaze liquefied gas company is planning to lay off about 185 workers, reports LETA.
At present more than 50,000 business operators are paying microenterprise tax in Latvia, and their aggregate turnover this year has reached EUR 327.3 million, according to the Finance Ministry information writes LETA.