International Internet Magazine. Baltic States news & analytics
Thursday, 23.02.2017, 13:32
A tax reform that is being planned for Latvia could be based on increasing capital gains tax and reducing labor taxes, reports LETA/BNS.
Keyword tags: Financial Services, Labour-market, Latvia, Taxation
The Estonian Institute of Economic Research (EKI) estimates that approximately EUR 8.5 mln of revenue generated by Estonians' alcohol purchases flowed into the Latvian state budget last year, writes LETA/BNS.
EUR 465.75 mln in excise-duty from oil products sold in Latvia was collected last year, which is by EUR 37.43 mln or nine percent more than the previous year, according to information from the State Revenue Service writes LETA.
The retail chain Coop Eesti may decide in March to close up to six stores in South Estonia that are suffering from the impact of cross-border trade, the news portal of public broadcaster ERR said.
Residents of Latvia have to spend larger part of their monthly income in taxes than residents of Lithuania or Estonia, as Swedbank Institute of Finances informed LETA.
he Estonian Tax and Customs Board collected a total of 663.5 million euros in taxes in January, 5.8% more than in January 2016, reports LETA/BNS.
The tax gap, or the difference between the total amount of taxes owed to the government versus the amount that is actually received, was stable at 7.1 percent in 2015, tax officials said at a press conference on Wednesday, writes LETA/BNS.