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Sunday, 26.03.2017, 21:50
Waterways charges in Estonia are way too high and Port of Tallinn is about to come up with its proposals for lowering them soon, the company's CEO Valdo Kalm said LETA/BNS on Friday.
Keyword tags: Estonia, Financial Services, Port, Taxation, Transport
he Cabinet on Thursday discussed the principles of a legislation to introduce road user charges in Estonia and supported the idea to draft the legislation introducing a time-based road user fee for trucks with a maximum mass of more than 3.5 tons on public roads as a bill to amend the Traffic Act, writes LETA/BNS.
Lithuanian businessmen are actively receiving offers to move their businesses to Estonia – they are promised a zero tariff on undistributed profits and saving possibility, as well as all company founding procedures finalized within a day. However, tax advisers say that even if the move slips by the State Tax Inspectorate, the taxes paid in Estonia may be even higher than in Lithuania.
The Financial Ministry proposes a tax reform, suggesting to cut the personal income tax to 20%, remove a solidarity tax, and retain the microenterprise tax, reports LETA.
The Bank of Latvia has come up with proposals to the changes in the Latvian tax system, focusing on revision of personal income tax and corporate tax systems, according to unofficial information at the disposal of LETA.
A tax reform that is being planned for Latvia could be based on increasing capital gains tax and reducing labor taxes, reports LETA/BNS.