International Internet Magazine. Baltic States news & analytics
Saturday, 02.08.2014, 01:28
EU’ customs authorities detained in 2013 almost 36 million items suspected of violating intellectual property rights (IPR). Commission's annual report on customs actions to enforce IPR suggests that intercepted goods represent more than € 760 million; this is less than in 2012. Present report published at the end of July 2014, also gives statistics on the type, provenance and transport method of counterfeit products detained at the EU's external borders.
Keyword tags: Analytics, EU – Baltic States, Legislation, Taxation
Based on the data of the Finance Ministry in Lithuania, in the first half of 2014, the state and municipal budgets collected LTL 11.488 billion (EUR 3.327 billion), i.e. by 1.3% (LTL 150 million or EUR 44 million) more than projected and by 11.8% more year-on-year, reports LETA/ELTA.
One of Estonia's largest transit companies Vopak E.O.S. withdrew as dividends EUR 100 million and paid EUR 26.6 million of corporate income tax in 2013, LETA/Postimees Online reports.
President of Lithuania Dalia Grybauskaite is not rushing to support the proposal to reduce Value Added Tax (VAT) to the pre-crisis levels, i.e. from 21 to 18%, writes LETA/ELTA.
In 2014, revenue to the state budget has been collected better than expected, thus the Government hopes the budget will receive LTL 65 million (EUR 19 million) more than previously projected, reports LETA/ELTA, referring to Respublika.
Several road transport companies have found that Estonia ought to introduce road tax, as has been done by nearly all countries in the region, writes Äripäev.ee/LETA.
New changes in VAT rules will make taxation more effective and fair. By taxing at the place of consumption, there will be a level playing-field between all operators supplying telecommunication, broadcasting and electronic services on a given market. The customer will pay the same amount of tax regardless of where the supplier is located.