International Internet Magazine. Baltic States news & analytics
Sunday, 23.11.2014, 15:18
The Seimas of Lithuania had decided to allocate 2% of revenues from excise duty on manufactured tobacco to the Programme for the Prevention of Use of Psychoactive Substances (Inter-institutional Action Plan) approved by the Government, the Seimas press service said, cites LETA/ELTA.
Keyword tags: Legislation, Lithuania, Markets and Companies, Taxation
Auditing company PwC has placed Estonia among the high tax burden states again but Estonian Ministry of Finance argues that this is not the case, LETA/Postimees Online reports.
Consulting firm PwC places Estonia in its recent report among high tax burden states, LETA/Postimees Online reports.
According to the State Tax Inspectorate, this year both residents and enterprises paid land tax more dutifully before the deadline on 17 November, 2014. Municipal budgets received over LTL 63 million (EUR 18 million) in land tax, reports LETA/ELTA.
Based on provisional data of the Ministry of Finance in Lithuania, in January-October 2014 the state budget received by 0.9% more than projected revenue from tax, whereas the aggregate state budget revenue collection plan has been fulfilled at 100.5%, informs LETA/ELTA.
New passenger car sales increased in October 2014 in Estonia as compared to the previous year by an average of one fifth and for some car dealers, the increase was up to 30%, LETA/Public Broadcasting reports.
The Estonian Tax and Customs Board collected 463.2 million euros of taxes in October 2014, which is an increase of 6.3% as compared to the same time last year, LETA/Public Broadcasting reports.