Wed, 13 Jul 2011: Latvia’s high tax regime to continue…

However, excise tax on tobacco will be gradually raised until it reaches the minimum level of the European Union in 2018. The ministry emphasizes that tax policy in Latvia has experienced conside...

Wed, 6 Apr 2011: Labor tax burden in Estonia drops…

A higher share of labor taxes falls on the employer, including pension contributions, health insurance and unemployment insurance. Employees carry the obligation of income tax and part of the unem...

Thu, 1 Oct 2009: Tax burden excessive …

"The additional value added tax, income tax on dividends, taxes on special bonuses and excise taxes are turning Estonia into a state where business activities, rather than favored, are being punis...

Wed, 23 Sep 2009: TeliaSonera gets its prize…

"The state has no strategic interest to be a shareholder, it's problematic from the point of view of conflict of interest of the state as supervisor, and from the point of view of competition," ...

Thu, 2 Jul 2009: Coalition criticized for sharp tax hike…

According to the government, the 2 percent increase in VAT would raise 800 million kroons (51 million euros) in additional revenue. Viktor Trasberg, who teaches economics in Tartu University, is...

Wed, 25 Mar 2009: Government slashes budget…

We are postponing these issues until June." He said the planned pay cuts would not affect teachers and statutory civil servants. Executive salaries of companies 100 percent owned by the government...

Wed, 18 Apr 2007: TALKING TAX: Any tax due on Lithuanian share transfer?…

Since it is sufficient to execute the share transfer by a simple written agreement, parties to a transaction do not incur notary fees. Further, in terms of VAT, the share transfer is regarded as a...

Wed, 30 Aug 2006: Tallink ship switches from Estonian to Latvian flag…

The government has discussed subsidies for shipping on two occasions at the initiative of the Ministry of Economy and Communications. On both occasions, our proposals were rejected."Tallink's Regi...

Wed, 17 May 2006: Taking counsel: Stricter regulations of charity, sponsorship…

Sponsorship stated above is taxed without deductions with 15 percent income tax tariff. The Law on Charity and Sponsorship states that sponsorship can be provided to recipients of sponsorship for...

Wed, 8 Feb 2006: TALKING TAX…

Granting a stock option free of charge will trigger the imposition of 23/77 income tax on the market value of the option payable by the employer. Furthermore, the employer will be required to pay ...

Wed, 1 Feb 2006: Res Publica calls for lower taxes…

If this were the situation, Estonia would not be able to tax the profit distributed by a subsidiary of a foreign company to its non-Estonian parent after the transition period ends in 2009, and in...

Wed, 28 Sep 2005: Bank calls for larger surplus…

The bank said that the private sector's loan burden has grown to 90 percent of GDP. Despite the recent reforms on income tax, the ratio of public spending to GDP has not declined.. ...

Wed, 23 Mar 2005: Taking counsel…

Unfortunately, it is also a widespread practice for smaller-scale businesses and individuals in Latvia to reduce the purchase price in the contract artificially. Such reduction may have several re...

Thu, 14 Aug 2003: Preaccession economic program ready…

As part of the program, candidate countries are obliged to avoid excessive budget deficits and adhere to several key macroeconomic indicators. Estonia has written a preaccession economic program e...

Thu, 22 Jul 1999: Estonia reforms social tax system…

The pension sums are income tax free until they are withdrawn from the fund. The government does not intend to change the present social tax rate to carry out pension reform. At present, the emplo...
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