Taxation

International Internet Magazine. Baltic States news & analytics Friday, 21.07.2017, 11:40

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Lithuania's budget was EUR 169.3 mln above target in H1

Lithuania's budget was EUR 169.3 mln above target in H1

17.07.2017

Lithuania's central government and local authorities collected a total of 4.097 billion euros in budget revenue during the first half of this year, exceeding the revenue target for the period by 169.3 million euros, or 4.3%, reported BNS/LETA, according to the Finance Ministry.

Keyword tags: Budget, Financial Services, Lithuania, Taxation



Tartu's H1 budgetary receipts total EUR 81.1 mln

Tartu's H1 budgetary receipts total EUR 81.1 mln

14.07.2017

A total of 81.1 million euros in tax revenue and investments activities was paid into the treasury of the city of Tartu in the first six months of the year 2017, which made up 49.8% of the amount budgeted for the whole year, informs LETA/BNS.

Tax rates on gambling machines, gaming tables to be raised by 30% in Latvia

Tax rates on gambling machines, gaming tables to be raised by 30% in Latvia

13.07.2017

In 2018, tax rates on gambling machines and gaming tables in Latvia will be raised by 30%, according to the legislative amendments sent to the Saeima committees for revision and included in the tax reform package, cites LETA.


Latvian government approves new rules regulating payment of corporate income tax

Latvian government approves new rules regulating payment of corporate income tax

12.07.2017

The Cabinet of Ministers in Latvia on July 11th approved draft Law on Corporate Income Tax under which the payment of corporate income tax will be put off until the company's profit is distributed or earmarked for purposes that do not ensure the company's further development, informs LETA.

Government sets microenterprise tax at 15% in Latvia

Government sets microenterprise tax at 15% in Latvia

12.07.2017

As of the year 2018, the microenterprise tax rate will be set at 15% and the annual turnover of microenterprises will be limited to EUR 40,000, according to draft amendments to the Microenterprise Tax Law approved today by the government, informs LETA.


12.07.2017

Solidarity tax revenues in Latvia to be spent on health care, social security

From now on, budget revenue from the so-called social tax, which is charged on high salaries, will be used to finance health care and social security, according to draft amendments to the Solidarity Tax Law, approved on July 11th by the Cabinet of Ministers in Latvia, informs LETA.

11.07.2017

5% tax to be charged on economic activity, author's fees in Latvia as of 2018

As of the year 2018, people involved in economic activity and those earning author's fees and royalties in Latvia will be required to pay 5% mandatory social security contributions in order to save up for pensions, according to draft amendments to the Law on State Social Insurance approved today by the government, informs LETA.

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