Taxation

International Internet Magazine. Baltic States news & analytics Monday, 25.09.2017, 20:05

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Major gang of money launderers and VAT fraudsters caught in Latvia

Major gang of money launderers and VAT fraudsters caught in Latvia

21.09.2017

A major gang of money launderers and VAT fraudsters which had caused a loss of some EUR 1.7 million to the state budget in a year-and-a-half has been caught in Latvia, the State Revenue Service reported LETA.

Keyword tags: Financial Services, Latvia, Legislation, Markets and Companies, Taxation



40% reduction in fines issued by Latvian Revenue Service in 8 months

40% reduction in fines issued by Latvian Revenue Service in 8 months

21.09.2017

The number of fines issues by the State Revenue Service for administrative violations has reduced by 40% in the first eight months of 2017, as the Revenue Service is observing the principle ''consult before fining'' to a greater degree, SRS representative Dace Peleka said during a Seaima Expenditure and Revision Committee meeting yesterday, cites LETA.

EU finance ministers agree to develop new digital taxation rules

EU finance ministers agree to develop new digital taxation rules

18.09.2017

Finance and economic affairs ministers of the European Union at an informal meeting in Tallinn on Saturday discussed updating international tax rules for companies so that these rules could also be applied to taxing enterprises that use digital technology, reports LETA/BNS.


Estonian PM discusses fair taxation of digital economy with EU commissioner

Estonian PM discusses fair taxation of digital economy with EU commissioner

15.09.2017

Estonian Prime Minister Juri Ratas and European Commissioner for Economic and Financial Affairs, Taxation and Customs Pierre Moscovici on Friday discussed the taxation of the digital economy, reports LETA/BNS.

Estonia not to impose sweetened beverage tax in 2018

Estonia not to impose sweetened beverage tax in 2018

15.09.2017

The Estonian government, which at a Cabinet sitting on Thursday evening agreed about the state budget for 2018, has decided that no sweetened beverage tax will be introduced in 2018, informs LETA/BNS.


15.09.2017

Tax revenue to Latvian budget 0.8% above target in January-August

Revenue to the Latvian budget administrated by the State Revenue Service met the target by 100.8% in January-August 2017 with actual revenue being by EUR 42.933 million higher than planned, the tax authority informed LETA.

14.09.2017

Estonian chamber: unstable tax environment hindering investment

Business operators would have been prepared to invest approximately 50 million euros more in 2017, but did not do it first and foremost due to an unstable tax environment, the Estonian Chamber of Commerce and Industry informed LETA/BNS.

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