Taxation

International Internet Magazine. Baltic States news & analytics Tuesday, 02.09.2014, 14:35

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SEB owes Lithuanian budget a substantial amount

SEB owes Lithuanian budget a substantial amount

02.09.2014

The Commission on Tax Disputes in Lithuania ruled in favour of the State Tax Inspectorate which found that bank SEB owes the budget a substantial amount in unpaid taxes. However, the bank may appeal to court, reports LETA/ELTA, referring to Vakaro zinios.

Keyword tags: Banks, Financial Services, Legislation, Lithuania, Taxation



Latvian Revenue Service investigating VAT fraud case in connection with Slesers

Latvian Revenue Service investigating VAT fraud case in connection with Slesers

02.09.2014

The State Revenue Service of Latvia (SRS) is currently on a criminal case connected with possible fraud connected to the construction of Ainars Slesers' (United for Latvia) house in Jurmala, as the LTV news magazine "De Facto" reported last night, cites LETA.

Steinbuka urges Latvian politicians to shelve ideas about tax cuts

Steinbuka urges Latvian politicians to shelve ideas about tax cuts

28.08.2014

Latvia must avoid unbalanced state budget, therefore Latvian politicians should not be overly enthusiastic with ideas about tax reductions, the head of the European Commission Representation in Latvia, Inna Steinbuka said in an interview with LNT television this morning, cites LETA.


Latvian municipalities' budget overflows with tax revenue during 7 months

Latvian municipalities' budget overflows with tax revenue during 7 months

28.08.2014

Personal income tax revenue in municipalities' budgets in Latvia in 2014 could exceed the annual plan by EUR 4.1 million, the Finance Ministry forecasts, cites LETA.

Latvian companies suffering from Russia's sanctions to receive tax-payment extensions

Latvian companies suffering from Russia's sanctions to receive tax-payment extensions

27.08.2014

Companies that were forced to face financial difficulties due to Russia's food embargo, will receive a tax-payment extension for up to five years in Latvia, the government decided yesterday, informs LETA.

26.08.2014

Banks increase service fees almost every month in Lithuania

For the state it takes years to recover taxes from commercial banks, while they increase service fees almost every month in Lithuania. Banks are assisted by influential intercessors in their disputes with the state, informs LETA/ELTA, referring to Lietuvos rytas.

19.08.2014

Lithuanian Tax Inspectorate: traders successfully diversified their sales in the past

When Russia imposed import bans in the past, Lithuanian traders successfully diversified their sales, shows the analysis carried out by the State Tax Inspectorate (VMI). 2013-2014 first half results of companies trading with Russia were compared, reports LETA/ELTA.

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