Taxation

International Internet Magazine. Baltic States news & analytics Saturday, 21.09.2019, 08:13

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Riga City Council hopes to obtain additional EUR 3 mln in revenue from tourism tax

Riga City Council hopes to obtain additional EUR 3 mln in revenue from tourism tax

18.09.2019

The Riga City Council's Finance and Administration Committee today endorsed the idea of introducing a tourism tax in Riga, with plans to bring an additional EUR 3 million a year into the municipal budget, LETA found out.

Keyword tags: Latvia, Taxation, Tourism



Riga City Council says Riga budget will decrease EUR 116.6 mln next year due to the government's decisions

Riga City Council says Riga budget will decrease EUR 116.6 mln next year due to the government's decisions

18.09.2019

Because of the government's decisions, the Riga budget will decrease by EUR 116.6 million in 2020, as the Riga City Council informed LETA.

Rimi Baltic CEO finds Baltic VAT rates on food products unreasonably high

Rimi Baltic CEO finds Baltic VAT rates on food products unreasonably high

17.09.2019

The chief executive officer of the supermarket chain Rimi Baltic thinks that VAT rates on food products in the Baltic countries are unreasonably high, according to the business daily Verslo Zinios reported writes LETA./BNS.


Estonia loses out on EUR 122 mln of possible VAT revenue in 2017

Estonia loses out on EUR 122 mln of possible VAT revenue in 2017

10.09.2019

According to a study carried out by the European Commission, countries of the European Union lost out on 137 bn euros of value added tax (VAT) revenues in 2017, while in Estonia, the VAT gap was 5%, meaning that the country lost 122 mln euros of possible VAT revenue, wriites LETA/BNS.

Combating tax evasion: urgent task for EU governments

Combating tax evasion: urgent task for EU governments

10.09.2019

Since 2013, the OECD and G-20 countries are working together on implementing 15-poins Action Plan on BEPS (base erosion & profit shifting). Already over 130 countries are collaborating to put an end to tax avoidance strategies that exploit gaps and mismatches in tax rules to drastically reducing tax payments.


03.09.2019

Changes to tax system should not be made at the moment - PM

In an interview on Riga TV24 today, Latvian Prime Minister Krisjanis Karins said that changes to the tax system should not be reviewed or made at the moment, wirites LETA.

28.08.2019

Median monthly payout rises to EUR 1,115 in Estonia in Q2

The size of the median monthly payout to a working person in Estonia was 1,115 euros in the second quarter of 2019, 98 euros bigger than in the same three-month period in 2018, the Tax and Customs Board said on Wednesday.

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