Wages

International Internet Magazine. Baltic States news & analytics Thursday, 09.07.2020, 01:57

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Estonia's loss in tax revenue due to untaxed wages totals nearly EUR 130 mln

Estonia's loss in tax revenue due to untaxed wages totals nearly EUR 130 mln

03.07.2020

A study carried out by the Estonian Institute of Economic Research (EKI) into the prevalence of cash-in-hand wages shows that unfair tax practices likely resulted in a 127-million-euro loss in tax revenue for the Estonian state in 2019, cites LETA/BNS.

Keyword tags: Analytics, Estonia, Financial Services, Legislation, Shadow economy, Wages



In May, construction costs in Latvia rose by 1.4% y-o-y

In May, construction costs in Latvia rose by 1.4% y-o-y

29.06.2020

Data of the Central Statistical Bureau (CSB) show that, compared to April, in May 2020, the level of construction costs in Latvia increased by 0.1%. Labour remuneration of workers rose by 1.4%, maintenance and operational costs of machinery and equipment – by 0.1%, but prices of building materials – reduced by 0.5%.

Lithuania’s parliament lifts tax-free income threshold to EUR 400

Lithuania’s parliament lifts tax-free income threshold to EUR 400

25.06.2020

Lithuania’s Seimas has lifted the tax-free income threshold, which will be applied to all labor income this year, by 50 euros, to 400 euros, informed LETA/BNS.


Females on average earn 15.9% less than males in Latvia

Females on average earn 15.9% less than males in Latvia

17.06.2020

Provisional data of the Central Statistical Bureau (CSB) show that in 2019 the average gross hourly earnings of females were 15.9% smaller than those of males, moreover the gap has risen by 1.8 percentage points, compared to 2018.

Latvia: Several new measures for employment support to be introduced after regulation on downtime expires

Latvia: Several new measures for employment support to be introduced after regulation on downtime expires

16.06.2020

After the regulation on the downtime and payment of downtime benefits expire, and an increase of unemployment is expected, several new employment measures will be introduced, according to the government's decision on regulations on organization of active employment measures and preventive measures for reducing unemployment, reported LETA/BNS.


10.06.2020

Shadow economy index in Latvia drops to 23.9% in 2019

Latvia's shadow economy last year declined by 0.3 percentage points to 23.9% of the gross domestic product (GDP), said the author of the Shadow Economy Index, associate professor at SSE Riga Arnis Sauka in a conference today, cites LETA.

10.06.2020

Housing affordability improves in Riga, deteriorated in Tallinn and Vilnius in Q1

The affordability of dwellings in the first quarter of this year improved in Riga, while slightly deteriorated in Tallinn and Vilnius, the Baltic housing affordability index published by Swedbank indicates.

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