Wed, 13 Jul 2011: Latvia’s high tax regime to continue…
Jul 13, 2011 Latvia
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...Tags: Berzins, Bizness, Budget, Business Activity, Current, European Union, Excise Tax, Income Tax, Latvia, Measures, New President, Opportunity, Residential Income, Shadow Economy, Tax Regime, Tobacco, Unpredictability
Wed, 6 Apr 2011: Labor tax burden in Estonia drops…
Apr 6, 2011 Baltics
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...Tags: Bulgaria, Direct Taxes, Eu Member States, European Union, Gdp, Health Insurance, Implementation, Income Tax, Insurance Employees, Labor Taxation, Latvia, Lithuania, Malta, Obligation, Pension Contributions, Romania, Sweden Denmark, Tax Burden, Unemployment Insurance, Workforce
Thu, 1 Oct 2009: Tax burden excessive …
Oct 1, 2009 Baltics
"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...Tags: Adoption, Business Activities, Confederation, Europe, Excise Taxes, Income Tax, Income Taxes, Insurance, Justification, Tax Burden, Tax On Dividends, Unemployment Insurance System, Value Added Tax
Wed, 23 Sep 2009: TeliaSonera gets its prize…
Sep 23, 2009 Baltics
"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," ...Tags: Budget Balance, Conflict Of Interest, Extra Dividend, Income Tax, Kroons, Loans, Point Of View, Shareholder, Supervisor, Tax On Dividends, Teliasonera
Thu, 2 Jul 2009: Coalition criticized for sharp tax hike…
Jul 2, 2009 Baltics
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...Tags: Consumption Taxation, Direct And Indirect Taxes, Economics, Economy, Element, Estonian Government, Imf, Income Tax, Paevaleht, Sharp, Tax Hike
Wed, 25 Mar 2009: Government slashes budget…
Mar 25, 2009 Baltics
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...Tags: Civil Servants, Executive Salaries, Fiscal Deficit, Gdp, Government Budget, Health Benefits, Income Tax, Lithuanian Post, Lithuanian Railways, Main Goal, Nuclear Power Plant, Pensions, Progressive Tax, Slashes Budget, Unemployment
Wed, 18 Apr 2007: TALKING TAX: Any tax due on Lithuanian share transfer?…
Apr 18, 2007 Lithuania
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...Tags: Capital Gains, Corporate Enterprise, Corporate Entities, Income Tax, Lithuania, Notary Fees, Perc, Permanent Establishment, Real Estate, Share Transfer, Shopping Mall, Taxes
Wed, 30 Aug 2006: Tallink ship switches from Estonian to Latvian flag…
Aug 30, 2006 Latvia
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...Tags: Current, Economy, Government Subsidies, Incentives, Income Tax, Initiative, Latvia, Latvian Flag, Latvian Government, Proposals, Regina Baltica, Riga, Sails, Shipping Companies, Social Tax, Stockholm, Switches, Tallink, Two Occasions
Wed, 17 May 2006: Taking counsel: Stricter regulations of charity, sponsorship…
May 17, 2006 Baltics
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...Tags: Charity Sponsorship, Civic Education, Copyright, Crime Prevention, Health Care, Income Tax, Incorporation Documents, Labor Health, Law And Order, National Security, Public Benefit, Social Security, Sports, Tariff
Wed, 8 Feb 2006: TALKING TAX…
Feb 8, 2006 Baltics
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 ...Tags: Acquisition, Capital Gain, Capital Gains, Grants, Imposition, Income Tax, Parent Company, Stock Option, Stock Options, Taxation Principles, Taxation Treatment
Wed, 1 Feb 2006: Res Publica calls for lower taxes…
Feb 1, 2006 Baltics
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...Tags: Baltic State, Best Solution, Corporate Profit, Dividend Income, Dividends, Effective Tax Rate, Income Tax, Lower Taxes, Period Ends, Present System, Profits, Res Publica, Subsidiary, Transition Period
Wed, 28 Sep 2005: Bank calls for larger surplus…
Sep 28, 2005 Baltics
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.. ...Tags: Bank Calls, Gdp, Income Tax, Private Sector, Public Spending
Wed, 23 Mar 2005: Taking counsel…
Mar 23, 2005 Baltics
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...Tags: Capital Gains, Income Tax, Latvia, People, Real Estate Tax, Scale Businesses, Stamp Duty, Taking The Risk, Vat Purposes
Thu, 14 Aug 2003: Preaccession economic program ready…
Aug 14, 2003 Baltics
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...Tags: Andrus, Budget Deficits, Candidate Countries, Cooperation, Deputy Head, Economic Affairs, Economic Analysis Department, Economic Program, Excessive Budget, Finance Ministry, Financial Aid, Fiscal Difficulties, Income Tax, Macroeconomic Indicators, Social Welfare
Thu, 22 Jul 1999: Estonia reforms social tax system…
Jul 22, 1999 Estonia
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...Tags: Endowment, Estonia, Health Insurance, Income Tax, Insurance, Insurance Budget, Insurance Payments, Pension Fund, Pension Funds, Pension Insurance, Pension Reform, Pillar, Social Tax, Sums, Tax Rate, Trade Unions