Taxation

International Internet Magazine. Baltic States news & analytics Thursday, 18.04.2019, 23:52

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Latvian government has resolved to prepare new tax policy guidelines until May 2020

Latvian government has resolved to prepare new tax policy guidelines until May 2020

17.04.2019

The government has resolved to develop new tax policy guidelines until May 2020, according to the action plan prepared by Krisjanis Karins’ (New Unity) government, writes LETA.

Keyword tags: Financial Services, Latvia, Taxation



Latvia's tax revenue 3.7% above target in Q1

Latvia's tax revenue 3.7% above target in Q1

17.04.2019

During the first three months of this year, the State Revenue Service collected EUR 2.17 bn in taxes, beating the first-quarter tax revenue target by EUR 77.619 mln or 3.7 %, according to information released by the Revenue Service writes LETA.

Directors of two Tokyo City restaurants accused of paying unreported wages

Directors of two Tokyo City restaurants accused of paying unreported wages

01.04.2019

The prosecutor has handed over to court a criminal case against directors of two Tokyo City restaurants for paying unreported wages, Prosecutor General’s Office representative Laura Majevska reported LETA/BNS.


Latvian government does not recommend scrapping MPC by March 31 - PM Karins

Latvian government does not recommend scrapping MPC by March 31 - PM Karins

27.03.2019

The Cabinet of Ministers does not recommend Saeima abolishing the mandatory procurement component (MPC) in electricity tariffs by March 31, Prime Minister Krisjanis Karins (New Unity) told journalists LETA.

Corporate tax in EU- eliminating loopholes

Corporate tax in EU- eliminating loopholes

22.03.2019

New rules on common corporate tax in the EU entered into force this year. The idea is to eliminate some loopholes in corporate entities, which are avoiding paying taxes. As a rule, corporate taxation is within the domain of the member states. This time the EU institutions took the initiative in order to reduce tax evasion.


21.03.2019

High tax burden the most serious obstacle to business development in Baltics - survey

The main obstacles to business growth in the Baltic countries include a heavy tax burden and complex regulatory and bureaucratic requirements, SEB Banka's external communications manager Martins Panke told LETA, referring to a survey of small and medium-sized enterprises carried out by the bank.

21.03.2019

Four out of Latvia's seven tax regimes do not provide for social protection - Reirs

There are currently seven tax regimes in use in Latvia, of which four do not provide for the taxpayers’ social protection, which is why the system should be revised, Finance Minister Janis Reirs (New Unity) said in an interview to LETA.

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