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Sunday, 22.01.2017, 05:47
Lithuanian Finance Minister Vilius Sapoka has sacked Dainoras Bradauskas, head of the State Tax Inspectorate (STI), after a commission set up by the ministry recommended firing him for corrupt activities and gross official misconduct, reports LETA/BNS.
Keyword tags: Legislation, Lithuania, Markets and Companies, Taxation
The Estonian government at Thursday's Cabinet meeting gave its backing to lowering the income tax rate for mature companies, restricting withdrawal of profit from subsidiaries in the form of loans and easing the taxation of and financial reporting rules for self-employed persons, informs LETA/BNS.
Estonian Tax and Customs Board (MTA) is to start paying more attention to undeclared cash-in-hand wages in accommodation and food establishments, and the first step is to counsel entrepreneurs regarding the employment register, according the daily Eesti Paevaleht reports LETA/BNS.
Last year Estonia lost 10 mln euros in taxes as a result of low-alchol drinks being brought across the border, the Estonian Breweries Association said LETA/BNS.
Estonia's 14% income tax rate on the dividends of the so-called mature companies is to probably take effect in 2018 and the state is to calculate the income tax rate on the distributed profit of the previous three years, while a private persons have to pay the additional income tax themselves, informs LETA/BNS.
- Revenue to the Latvian central government consolidated budget administrated by the State Revenue Service in 2016 are EUR 88.33 mln or 1.1% above the target, the State Revenue Service said LETA.
The Finance Ministry is ready to move towards a greater progressivity of the tax system, the ministry’s parliamentary secretary Edgars Putra told members of the Saeima Mandates, Ethnics and Submissions Committee today, writes LETA.