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Sunday, 29.11.2015, 05:23
Total budget tax revenue in January-October 2015 in Latvia was EUR 5.9 billion, or 99.7% of the target, the Finance Ministry told LETA.
Keyword tags: Budget, Financial Services, Latvia, Taxation
The monthly median payout to a working person in Estonia rose by 8.3 percent on year to 733 euros in the third quarter of 2015, figures provided by the Tax and Customs Board show, cites LETA/BNS.
The Eurogroup agrees with the European Commission’s assessment that Lithuania’s budget deficit may be larger than forecast next year. At the same time, it points out to certain uncertainties surrounding the evaluation of cyclical developments, informs LETA/BNS.
The Latvian parliamentary committee on budget and finances (taxes) on Tuesday upheld in the second reading the draft amendments to the Law on Micro-Enterprise Tax under which the tax rate to micro-enterprises with annual turnover of up to 100,000 euros will remain unchanged at 9% in 2016, informs LETA.
Saeima budget and financial (taxes) committee in Latvia on November 23rd supported sending the proposal on introduction of differentiated non-taxable minimum income and lifting of tax allowances for adult dependants for the final reading at Saeima, informs LETA.
In the first 10 months of the year 2015, 449.1 million euros of revenue was paid into the treasury of the City of Tallinn, which makes up 87.9% of the full-year target without financing activities, cites LETA/BNS.
Electronic tax filing and payments were the most common tax reforms undertaken by countries worldwide during the past year, according to the latest edition of the Paying Taxes report from the World Bank Group and PwC, reported BC Rowena Mearley from PwC.