Estonia

The Right: Taxing corporate profits could undermine Estonia’s e-residency revenue

August 9, 2024

Estonia’s successful e-residency program, which brought 64.3 million euros in tax revenue to the state budget last year, could be severely impacted by the introduction of a corporate profit tax, [..]

Latvia

Tax debts in Latvia at EUR 833.058 million in early June

June 25, 2024

At the beginning of June 2024, tax debts in Latvia totaled EUR 833.058 million, which is 1.1 percent less from May and 3.4 percent less than the beginning of the [..]

Estonia

Estonian govt approves bill seeking to increase land tax

May 11, 2024

The Estonian government has approved and sent to the parliament a bill seeking to amend the Land Tax Act and increase local governments’ decision-making power in setting land tax rates. [..]

Opinions

Estonian law firm: Sugary drinks tax bill runs counter to EU law

May 11, 2024

An analysis by lawyers at the law firm Sorainen shows that the so-called sugary drinks tax bill runs counter to European Union law. Consequently, Sorainen filed a complaint with the [..]

Estonia

New plan would see registration tax also hit second-hand cars bought in Estonia

May 2, 2024

The government needs to change its car tax plan to make sure it meets European Union rules. The latest plan would see the registration fee apply also to second-hand vehicles [..]

Lithuania

Minimum wage in Lithuania may cross pretax threshold of EUR 1,000 in 2025 – minister

May 2, 2024

Social Security and Labor Minister Monika Navickiene forecasts that the minimum monthly wage in Lithuania may cross the 1,000-euro pre-tax threshold next year. “The considerations are correct, the minimum wage [..]

Estonia

Implementation of lemonade tax to cost state EUR 5 mln

March 21, 2024

The introduction of the planned lemonade tax will cost the state five million euros, which is the cost of IT solutions and tax collection, the Estonian daily Postimees writes. The [..]

Latvia

Over 92,000 people file tax returns with Revenue Service by Friday morning

March 1, 2024

Over 92,000 individual taxpayers filed their tax returns in the first hours by 9 a.m. Friday, LETA was told at the State Revenue Service. Representatives of the Revenue Service said [..]

Estonia

Survey: 3/4 of Estonians against car tax

February 27, 2024

According to the results of a survey commissioned by the Institute for the Study of Societal Issues, 76 percent of respondents are against the implementation of a car tax in [..]

Lithuania

Four in 10 Lithuanians would back defense tax from 2025 – Baltijos Tyrimai/LRT poll

February 19, 2024

Four out of ten people in Lithuania would support a new defense tax from 2025, according to a Baltijos Tyrimai survey published by the public broadcaster LRT on Monday. Just [..]

Latvia

Sanctioned properties will not be eligible for real-estate tax relief

December 14, 2023

The Saeima today adopted amendments to the Law on Real Estate Tax in the final reading, which stipulates that properties subject to sanctions will not be eligible for municipal discounts/relief [..]

Latvia

Saeima passes amendments introducing 20% advance tax for banks and nonbank lenders

December 8, 2023

The Saeima on Thursday passed in the final reading government-approved amendments to the Corporate Income Tax Law introducing a 20 percent advance income tax for banks and nonbank lenders, payable [..]

Estonia

Estonia’s new car tax bill to increase registration fee for older vehicles

November 29, 2023

The Estonian Ministry of Finance has prepared a new bill on the motor vehicle tax, which takes less account of the age of the vehicle, whereas relief for people with [..]

Lithuania

Lithuania’s Commercial Banks solidarity levy in 2023 could be around 250 million euros – part of a money will be used for military mobility

November 24, 2023

Lithuania’s commercial banks will soon transfer the second installment of the new solidarity levy for the third quarter of this year, with the central Bank of Lithuania estimating it to [..]

Latvia

Saeima endorses single tax rate of 25% for all micro-enterprises

November 17, 2023

The Saeima on Thursday endorsed draft amendments to the Micro-enterprise Tax Law setting a single 25 percent tax rate for all micro-enterprises. The government adopted the draft amendments as part [..]

Latvia

EUR 16 million needed to apply 12% VAT on fresh fruit and vegetables

November 14, 2023

In order to apply the reduced 12 percent value added tax (VAT) rate on fresh fruit and vegetables next year, the government needs to provide EUR 16 million in the [..]

Latvia

Coalition agrees to apply reduced 12% VAT rate on fresh fruit and vegetables

October 31, 2023

The government coalition on Monday agreed to apply a reduced 12 percent value added tax (VAT) rate on fresh fruit and vegetables next year, Prime Minister Evika Silina (New Unity) [..]

Lithuania

Lithuania mulls raising corporate income tax for additional defense funding – advisor

October 24, 2023

Lithuania needs to consider various options, including an increase in corporate income tax, as the country is looking for long-term sources of defense funding, presidential advisor Irena Segaloviciene says. All [..]

Latvia

Tax debts in Latvia up to EUR 856.5 million in early October

October 23, 2023

At the beginning of October 2023, tax debts in Latvia totaled EUR 856.471 million, which is 0.5 percent more from September, but a 2.3 percent decrease from the beginning of [..]

Lithuania

Principle of defense tax welcome, but details are key – Lithuanian president’s aide

October 20, 2023

The principle of a defense tax is welcome, but when discussing it, it is important to know from whom and how it would be collected, Kestutis Budrys, President Gitanas Nauseda’s [..]

Latvia

Significant hikes of natural resources tax planned as of next year in Latvia

October 10, 2023

As of next year, the rate of natural resources tax will be significantly increased in certain areas, according to draft amendments to the Natural Resources Tax Law approved by the [..]

Estonia

MP: Car tax to lead to rise in average age of vehicles in Estonia

October 10, 2023

Opposition Center Party MP Lauri Laats said in a press release on Monday that the introduction of the car tax will encourage more and more end-of-life vehicles appearing on Estonia’s [..]