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Saturday, 19.04.2014, 17:28
Estonian economy and communications minister Urve Palo said when answering inquiries of MPs in the Riigikogu that she doesn’t consider it reasonable to implement a roads tax in Estonia, LETA/Postimees Online reports.
Keyword tags: Economics, Estonia, Legislation, Taxation, Transport
The Government of Estonia approved the amendment drafts on the Income Tax Act and the Value Added Tax (VAT) Act related to car taxation at a cabinet meeting on Thursday, and later sent them to the Riigikogu for discussion, reported BC the press service of the government of Estonia.
The Government of Estonia agreed on the objectives of fiscal policy for the next four years at a cabinet meeting last week. The aim of the Government is to ensure the security in Estonia, increase incomes and welfare, reduce child poverty and keep the public finances in order, informed BC the press service of the Government of Estonia.
Estonian finance ministry chancellor Veiko Tali and U.S. Ambassador to Estonia Jeffrey D. Levine signed on Friday an information exchange agreement, the aim of which is to increase the tax obedience of owners of foreign bank accounts, LETA/Public Broadcasting reports.
A study conducted by the Finnish social insurance board indicated that from around 60,000 Estonians who worked in Finland in 2013, 70% paid their social insurance taxes there, LETA/Public Broadcasting reports.
According to the Estonian Finance Ministry, the tax revenue collected by the state budget amounted to 379.6 million euros in March 2014, which is an increase of 12.7% as compared to the same time last year, LETA/Postimees Online reports.
Every year over 100,000 transactions including leasing or sale of real estate are made in Lithuania, their value is estimated in billions. Yet taxes, paid to the state budget, are ridiculously small, writes LETA/ELTA, referring to Respublika.