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Wednesday, 26.07.2017, 17:36
Lithuanian PM: VAT discount on heating, hotels will remain
26.07.2017Value-added tax (VAT) discount for centralized heating and hotels will remain, says Lithuania's Prime Minister Saulius Skvernelis, adding that the government would announce the proposed tariff next week, informs LETA/BNS.
Keyword tags: Energy, Financial Services, Legislation, Lithuania, Taxation, Tourism
500,000 liters of beer brought into Estonia from Latvia in cross-border trade
26.07.2017The Estonian Ministry of Finance said that approximately 500,000 liters of beer have been brought into Estonia from Latvia in five months, not the several million liters forecast by the Estonian Food Industry Association, cites LETA/BNS.
Latvian government upholds proposals for changes in micro enterprise tax
26.07.2017The Latvian Cabinet of Ministers on July 25th upheld the draft amendments to the Law on the Micro Enterprise Tax under which the tax will be set at 15%, starting from 2018, for businesses with annual turnover not exceeding EUR 40,000, writes LETA.
Latvian government approves health care reform
26.07.2017The Latvian government on July 25th approved the conceptual report about reforms in the national health care system, writes LETA.
ECHR orders Latvia to pay EUR 37,000 in compensations in 2016
26.07.2017The European Court of Human Rights (ECHR) last year ordered Latvia to pay compensations totaling EUR 37,246, informs LETA, according to the Foreign Ministry's report on the performance of Latvia's representative to the international human rights bodies in 2016.
Lithuania to temporarily bring back 9% VAT tariff for heating
The 9-% value-added tax (VAT) discount tariff for heating will be reintroduced in Lithuania on a temporary basis between the fall and the end of 2017, Finance Minister Vilius Sapoka said. The discount for 2018 has not yet been specified, reports LETA/BNS.
Latvian government upholds proposal for differentiated personal income tax
The Latvian government on July 25th upheld the legislative proposal for a differentiated personal income tax, starting with 2018, informs LETA.
Fiscal Council: 2016 budget in Estonia in line with requirements
The Estonian Fiscal Council, an advisory body to assess the economic forecasts that serve as a base for Estonian fiscal policy, said that the Estonian state budget last year was in line with balance requirements as well as saw a structural and nominal surplus, reports LETA/BNS.
Local governments' H1 budget revenue at all-time high in Latvia
During the first half of 2017, Latvia’s local government budget received EUR 1.24 billion in revenue, which was a new record for the six-month period, LETA was told at the Finance Ministry.
Stock of loans to companies, households grow 6 pct in June in Estonia
The stock of loans and leases from banks to companies and households in Estonia was 6% larger in June 2017 than a year earlier, totaling 17.5 billion euros, informs LETA/BNS.
Estonian Olympic Committee to reward fencers Novosjolov, Beljajeva
Estonian Olympic Committee (EOC) is to reward Estonian fencers Nikolai Novosjolov and Julia Beljajeva for their great results at the World Championships in Leipzig, Germany, informs LETA/BNS.
Latvian Welfare Ministry trying to find a way to make all residents make at least minimum social contributions
Welfare Ministry's proposal that all those involved in economic activity or earning royalties should pay 5% social contributions is an attempt to achieve that all residents make at least the minimum social contributions to the budget, Welfare Minister Janis Reirs (Unity) said in an interview with Latvian Radio this morning, cites LETA.
Rietumu experts: volatility back to life
The specialists of Rietumu Group have prepared an overview on the return of the investment funds of Rietumu Asset Management (RAM) for June 2017. Along with information on the structure and dynamics of the funds, the review contains the traditional analysis of the current political events and key economic factors that exert an influence on financial markets, informed BC Eleonora Gailisha from the bank’s mass media and public relations.
Estonian alcohol retailers: half beer to come from Latvia in future
Alcohol producers and retailers say that in the future up to half of beer and a third of vodka consumer in Estonia will have been bought from Latvia and producers estimate that the state could lose up to EUR 170 million in tax revenue, the daily Postimees writes, cites LETA/BNS.
EU Budget-2018: a guide for the Baltic States' development
