Taxation

International Internet Magazine. Baltic States news & analytics Saturday, 07.05.2016, 01:32

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Tax revenue to Latvian budget in January-April was 0.6% above target

Tax revenue to Latvian budget in January-April was 0.6% above target

06.05.2016

The Latvian State Revenue Service has met the tax revenue target by 100.6% in the first four months of this year with actual revenue EUR 14.376 million above the planned amount, reports LETA, according to the information from the tax authority.

Keyword tags: Budget, Financial Services, Latvia, Taxation



Saeima supports the proposal to leave cadastral value of properties unchanged in Latvia

Saeima supports the proposal to leave cadastral value of properties unchanged in Latvia

06.05.2016

Saeima in Latvia on May 5th backed in the first reading the Justice Ministry's proposal not to change properties' cadastral value in 2016, informs LETA.

Rising turnover threshold for VAT registration to reduce receipts by EUR 6.6 mln in Estonia

Rising turnover threshold for VAT registration to reduce receipts by EUR 6.6 mln in Estonia

05.05.2016

According to Estonian Finance Minister Sven Sester, raising to 40,000 euros the annual turnover threshold beyond which businesses are obliged to register as value added tax (VAT) payers would initially reduce tax receipts by 6.6 million euros, but bigger investments will in the end result in bigger tax receipts, informs LETA/BNS.


TV: Baltic Taxi has created a system to avoid paying VAT

TV: Baltic Taxi has created a system to avoid paying VAT

03.05.2016

Taxi company Baltic Taxi in 2015 managed to avoid the State Revenue Service's penalty of more than EUR 400,000 through an insolvency process, it has also created a network of over 150 companies, which in fact make it possible for Baltic Taxi not to pay value added tax, Latvian Television investigative news program Aizliegtais Panemiens (Sucker Punch) reported last night, cites LETA.

39 employees of Latvian Revenue Service to be rotated

39 employees of Latvian Revenue Service to be rotated

03.05.2016

Kaspars Cerneckis, State Revenue Service’s deputy general director in the area of combating crime, has been rotated to the position of the director of the tax debt enforcement department, said State Revenue Service General Director Inara Petersone in a press conference on May 3rd, informs LETA.

03.05.2016

49,435 business operators in Latvia pay micro enterprise tax in May

From September 1, 2010, when the micro enterprise tax was introduced in Latvia, till May 1, 2016, Latvian authorities have received a total of 77,658 applications from tax payers seeking the status of microenterprise tax payers.

29.04.2016

Q1 tax revenue short of target because of decreasing economic growth pace in Latvia

Decreasing economic growth pace in Latvia is the main reason why the State Revenue Service's tax collection in the first quarter pf 2016 was short of the target, as the Revenue Service's Director General Inara Petersone told reporters on April 28th, cites LETA.

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