Financial Services

International Internet Magazine. Baltic States news & analytics Wednesday, 26.07.2017, 17:36

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Lithuanian PM: VAT discount on heating, hotels will remain

Lithuanian PM: VAT discount on heating, hotels will remain

26.07.2017

Value-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

500,000 liters of beer brought into Estonia from Latvia in cross-border trade

26.07.2017

The 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

Latvian government upholds proposals for changes in micro enterprise tax

26.07.2017

The 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

Latvian government approves health care reform

26.07.2017

The 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

ECHR orders Latvia to pay EUR 37,000 in compensations in 2016

26.07.2017

The 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.


26.07.2017

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.

26.07.2017

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.

26.07.2017

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.

25.07.2017

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.

25.07.2017

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.

25.07.2017

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.

25.07.2017

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.

25.07.2017

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.

25.07.2017

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.

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