International Internet Magazine. Baltic States news & analytics
Monday, 26.09.2016, 16:57
Latvia's top 100 tax debtors owed EUR 293.732 mln to the state as at September 1, 2016, which is by 0.2% more than a month ago, according to the information from the State Revenue Service (VID) writes LETA.
Keyword tags: Financial Services, Latvia, Markets and Companies, Statistics, Taxation
Commission's preliminary report on e-commerce sector in the EU confirms fast growth of e-commerce and identifies business practices that might restrict competition and limit consumer choice. The Commission's Digital Single Market Strategy has already identified a number of regulatory barriers that hinder cross-border e-commerce.
The European Commission is compiling a first common EU list of non-cooperative tax jurisdictions and presenting pre-assessment indicators on all third countries. Now the EU states can choose which countries should be screened more fully so as to accurately pinpoint the countries which do not play by the EU taxation rules. Thus, a new “tax good governance” regime has emerged…
At the beginning of September 2016, tax debts in Latvia totaled EUR 1.421 bln, down 0.3% month-on-month, according to the information released by the State Revenue Service writes LETA.
There are some 100,000 people in Latvia who, due to various financial problems they have, prefer to be paid their wages under the table, as the Association of Latvian Commercial Banks President Martins Bicevskis told Saeima Budget and Finance Committee, reports LETA.
Shareholders of the so-called Vilniaus Prekyba (VP) Group, one of Lithuania's biggest business groups, were summoned to the Vilnius Regional Tax Inspectorate on Monday in connection with a probe conducted by Estonia's tax authorities, representatives of Mindaugas Marcinkevicius, a minority shareholder, confirmed to LETA/BNS.