Taxation

International Internet Magazine. Baltic States news & analytics Saturday, 01.08.2015, 00:25

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It’s proposed to raise fine for wages paid under the table to EUR 2,100 in Latvia

It’s proposed to raise fine for wages paid under the table to EUR 2,100 in Latvia

31.07.2015

The Justice Ministry in Latvia is suggesting to raise the fine for wages paid under the table to EUR 2,100, informs LETA.

Keyword tags: Analytics, Financial Services, Latvia, Legislation, Markets and Companies, Taxation, Wages



Latvian FinMin: budget spending growing faster than tax revenue

Latvian FinMin: budget spending growing faster than tax revenue

31.07.2015

In the first six months of the year 2015, the consolidated budget had a EUR 217.5 million surplus, however, tax revenue was EUR 9.9 million lower than planned, the Finance Ministry's representatives told LETA.

Obligation to report 1,000 euro transactions boosted VAT revenue in Estonia in H1

Obligation to report 1,000 euro transactions boosted VAT revenue in Estonia in H1

29.07.2015

In the first half of the year 2015, companies have paid 95 million euros more VAT than last year in Estonia, which the Tax and Customs Board (TCB) considers a result of the introduction of the obligation to report 1,000 euro transactions, informs LETA.


Latvian Employers' Confederation and president agree that tax policy needs to be stable and predictable

Latvian Employers' Confederation and president agree that tax policy needs to be stable and predictable

27.07.2015

Tax policy and tax system need to be stable and predictable in the long term, which will foster investors' confidence in Latvia, President Raimonds Vejonis agreed during a meeting with representatives from the Latvian Employers' Confederation on July 24th, reports LETA.

Rimsevics: raising VAT would be a grave mistake for Latvia

Rimsevics: raising VAT would be a grave mistake for Latvia

24.07.2015

It would be the greatest and worst mistake to raise the value added tax – there is no country, except Greece, that is considering increasing VAT during budget talks, the Bank of Latvia President Ilmars Rimsevics said on July 23rd, cites LETA.

24.07.2015

Estonian PM doesn’t see the possibility of raising income tax threshold to 400 euros per month

Estonian Prime Minister Taavi Rõivas said on Thursday that the Social Democratic Party amendments to the coalition agreement will be discussed in the Reform Party board, but a firm "no" will be said to tax increases, LETA/Delfi reports.

22.07.2015

Estonian budget collects 48.5% of annual revenue in 6 months

According to the Ministry of Finance, the Estonian state budget collected revenue of 3.93 billion euros in the first six months of the year; this is 48.5% of the total amount planned in the budget, reports LETA.

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