Taxation

International Internet Magazine. Baltic States news & analytics Friday, 11.10.2024, 19:30

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Budget revenue collected by Latvian Revenue Service in 11 months 6.4% short of target

Budget revenue collected by Latvian Revenue Service in 11 months 6.4% short of target

15.12.2020

In the first 11 months of 2020, the State Revenue Service in Latvia collected EUR 8.949 billion in budget revenue, which is 6.4% short of the target, writes LETA, according to the information released by the service.

Keyword tags: Budget, Financial Services, Latvia, Taxation



The rules for ordering goods from the United Kingdom will change

The rules for ordering goods from the United Kingdom will change

14.12.2020

The Tax and Customs Board (MTA) recalls that, from 1 January, parcels ordered from the United Kingdom over EUR 22 will be subject to VAT and parcels over EUR 150 will be subject to customs duties.

Social security contributions in Latvia to be cut by 1 pp in 2021

Social security contributions in Latvia to be cut by 1 pp in 2021

27.11.2020

Social security contributions in Latvia will be cut by one percentage points as of next year under draft amendments to the law on state social insurance, which the Latvian Saeima passed in the final reading on November 27th, cites LET.


Micro enterprise tax regime in Latvia to be reorganized in 2021

Micro enterprise tax regime in Latvia to be reorganized in 2021

27.11.2020

After lengthy and heated debate, the parliament in Latvia in the final reading endorsed amendments to the Micro Enterprise Tax Law, informs LETA.

Latvia: Micro enterprise tax regime to be reorganized in 2021

Latvia: Micro enterprise tax regime to be reorganized in 2021

27.11.2020

fter lengthy and heated debate, the parliament in the final reading endorsed amendments to the Micro Enterprise Tax Law, writes LETA.


16.11.2020

Self-employed in Latvia that earn less than minimum wage to pay 10% in taxes

As of the year 2021, self-employed people in Latvia that earn less than the minimum wage will be paying 10 percent of their income in taxes, the government coalition decided today, informs LETA,

13.11.2020

Lithuania's budget revenue EUR 959 mln below target in Jan-Oct

Lithuania's central government and municipalities collected a total of 8.591 billion euros in budget revenue between January and October, 959.1 mln euros, or 10%, below the projected level and 226 mln euros, or 2.6%, lower that in the same period last year, the Finance Ministry said on Friday, writes LETA/BNS.

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