International Internet Magazine. Baltic States news & analytics
Tuesday, 10.12.2013, 23:18
42.2% Latvian companies in the tourism industry operated with profit in 2012, reports LETA/Nozare.lv, referring to the State Revenue Service's analytical review.
Keyword tags: Financial Services, Latvia, Taxation, Tourism
According to the Estonian Finance Ministry, the tax revenue collected by the Estonian state budget amounted to 434 million euros in November, which is an increase of 15.1% as compared to the same time last year and in line with expectations, informs LETA.
During the Cabinet meeting, the Government agreed to the road tax imposed on agricultural machinery used by farmers, informs LETA/ELTA.
According to the data of Statistics Lithuania, in the first six months of 2013 companies have paid more than LTL 403 million (EUR 117 million) in corporate income tax. In the last quarter of 2012, compared to the first quarter of 2012, there was a sixfold increase of income tax paid, informs LETA/ELTA.
Having received the conclusion of the Government, the Seimas approved of the amendments to the Law on Income Tax which were improved by the Committee on Budget and Finance, informs LETA/ELTA.
Yesterday the Cabinet of Ministers heard the Economy Ministry's report presenting non-governmental organization's proposals regarding measures for construction of publicly-significant buildings and conceptual issues in future operations; among the key alterations to existing practice, a mandatory construction contractor's fee at 0.5% of project costs, and eliminating the "lowest price" principle as the sole criteria for tenders are recommended, informs LETA/Nozare.lv.
At the recent European Parliament’s Economic Committee meeting in Brussels, Algirdas Šemeta, Commissioner responsible for Taxation and Customs Union, Statistics, Audit and Anti-fraud discussed current and future developments in the EU taxation policy.