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Government supports VAT and income tax reductions...
Government supports VAT and income tax reductions
RIGA – On May 15, the government agreed that the value added tax (VAT) rate would be reduced from the current 22 percent to 21 percentstarting July 1 this year, whereas personal income tax will be reduced by 5percent in the next three years, from the current 25 to 20 percent. The final decision will be up to Saeima. According to the Finance Ministry's calculations, reducing personal income tax by 1 percent in 2013 will leave the budget with 33.2 million lats (47.2 million euros) less in revenue. On the other hand, the reduction of the VAT rate from 22 to 21 percent thi...  Full story...
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 ESTONIA
  • Demographic trends squeeze pen...
    TALLINN - At a sitting of the cabinet on May 10, the Estonian government reviewed a report from t...
  • Estonia burns through cash...
    TALLINN - In Estonia, four times more energy is used to produce one unit of gross domestic produc...
  • Nuclear decision awaits profit...
    TALLINN - Estonia will decide whether to take part in Lithuania’s Visaginas nuclear power p...
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  •  LATVIA
  • Austerity effects evaluated...
    RIGA - From May 14 to May 18, UN Independent Expert Cephas Lumina will be on a visit to Latvia ...
  • Kraslava quits LGA...
    DAUGAVPILS - The Kraslava Region Council on May 10 unanimously decided to pull out of the Latvi...
  • Jaunzeme - Grende ready to lis...
    RIGA - Culture Minister Zaneta Jaunzeme-Grende (All for Latvia!-For Fatherland and Freedom/LNNK...
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  •  LITHUANIA
  • Ukraine must change, says Gryb...
    VILNIUS - Lithuanian President Dalia Grybauskaite was on a working visit in Ukraine last week, ...
  • LITHUANIAN COMPANIES CAN NOW P...
    ECOVIS Miškinis, Kvainauskas ir partneriai advokatų kontora After amendments to the...
  • Ruta chocolate opens museum...
    VILNIUS - Lithuania’s first chocolate museum will open on June 1 in the northern city of ...
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  •  ENTERTAINMENT
  • Hometown poetics...
    RIGA - Egons Spuris is truly a legendary person in the Latvian photography world. ...
  • Upcoming Events - 2012-04-12...
    Dominic Miller and Band April 12 Nokia Concert Hall, Tallinn Zucchero Apri...
  • Jazz music takes over Estonia...
    TALLINN - The sun rising higher and the days growing longer; these are always sure...
  • A chocolate romance...
    RIGA - I envy people living opposite 22 Miera Street. It’s the street wit...
  • Upcoming Events - 2012-04-05...
    Example April 5 Rock Cafe, Tallinn Dominic Miller and Band April 10 VRM...
  • The charm of Michael Buble on ...
    TALLINN - The musical stage is a place for diversity. And it is here that true ...
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