International Internet Magazine. Baltic States news & analytics
Friday, 31.07.2015, 16:20
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
The number of employees in Estonia, who receive part of their pay as "envelope wages", i.e. without paying taxes on them, has increased significantly in 2015 as compared to the previous year, Äripäev.ee cites a survey of CV Centre.
The minimum monthly wage and the old-age pension has been increased in Lithuania from 1 July 2015, reports LETA/ELTA.
Ship Romuva owned by Lietuvos Juru Laivininkyste (Lithuanian Shipping Company) has been arrested in Italy because of debts. Seventeen seafarers are stuck in Italy together with the ship, reported LETA/ELTA, referring to Klaipeda.
Estonian trade unions and employers organisations did not reach a deal at the minimum wage negotiations that took place on June 8th 2015, LETA/Postimees Online reports.
New procedures for paying mayors' wages entered into force on 1 May 2015 in Lithuania. They were soon adopted by councils of municipalities, informs LETA/ELTA, referring to Kauno diena.
A survey conducted by the Estonian Institute of Economic Research showed that while in 2013, the Estonian state was deprived due to the payment of "envelope wages" of 154 million euros in tax revenue, the loss of tax revenue in 2014 because of this reason was 92.5 million euros, LETA/Public Broadcasting reports.