Latvia

Unplanned tax changes are harming Latvia’s international reputation and will significantly expand the shadow economy, FICIL warns

November 13, 2025

Unplanned tax changes are damaging Latvia’s international image in the eyes of investors and will significantly expand the shadow economy, according to a letter from the Foreign Investors’ Council in [..]

Lithuania

Ignitis buyback, taxes, and fuel excise: critics scrutinise new coalition’s economic goals

September 3, 2025

By Irma Janauskaitė, LRT TV, LRT.lt. Lithuania’s incoming government is facing criticism after floating the idea of buying back private investors’ shares in Ignitis Group, the country’s largest energy company. [..]

Latvia

Bureaucracy, energy, taxes remain main problems in Latvia, Europe: expert

March 28, 2025

Current problems in Europe are the same as in Latvia – energy, bureaucracy and taxes, the president of the Latvian Chamber of Commerce and Industry (LCCI), Aigars Rostovskis, said at [..]

Latvia

Latvian tax agency discloses tax debt level

February 24, 2025

In early February 2025, tax debts in Latvia amounted to EUR 850.606 million, which was 0.7% more than a year before, the State Revenue Service (VID) has announced. This total [..]

Opinions

Price and Tax Increases to Cost Estonians Hundreds of Euros in 2025

January 14, 2025

By journalist Ain Alvela. The coming year brings several new tax increases in Estonia as price increases show no signs of slowing down. At the same time the government placed [..]

Lithuania

Protest staged in Vilnius against VAT hikes

November 1, 2024

Some 200 representatives of the hospitality sector waged a protest outside of the Lithuanian government’s offices in central Vilnius on Thursday to object to a value added tax increase that [..]

Latvia

Finance Latvia Association does not support the proposed windfall tax on banks

September 13, 2024

Finance Latvia Association does not support the proposed windfall tax on banks, as the association’s representatives informed LETA. However, while respecting the right of the state to set taxes and [..]

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

Banks could be taxed individually on their excess profits – Valainis

August 8, 2024

Banks could be taxed individually on their excess profits, Economics Minister Viktors Valainis (Greens/Farmers) said Thursday in an interview to Latvian Television. The minister noted that in the first five [..]

Estonia

People of Estonia predominantly opposed to VAT, income tax, fuel excise duty hikes

July 25, 2024

According to the results of a survey commissioned by the the Institute for the Study of Societal Issues, the vast majority of Estonian citizens do not support the planned VAT, [..]

Lithuania

Lithuanian c. bank proposes reviewing taxes, reducing VAT gap as population ages

July 9, 2024

As the population ages, the Bank of Lithuania proposes reviewing existing tax exemptions and privileges, and income and wealth taxation, and reducing the VAT gap to increase budget revenue collection. [..]

Lithuania

Lithuanian parlt ups taxes on gambling operators

June 26, 2024

The Seimas of Lithuania increased taxes on gambling operators by 2 percentage points after 72 lawmaker on Tuesday voted in favor of the amendments to the Law on Lottery and [..]

Estonia

Estonian parlt passes motor vehicle tax

June 13, 2024

The Estonian parliament on Wednesday passed the government-initiated motor vehicle tax law, with which a two-part motor vehicle tax will be implemented from next year. Altogether 57 MPs voted in [..]

Latvia

United List urges residents to support proposal for reduced VAT rate on restaurants

May 28, 2024

Saeima opposition party United List is calling on residents to support an initiative to reduce value added tax rate for restaurants to 12 percent. “Latvian restaurants have been meeting with [..]

Lithuania

Lithuanian ministry proposes funding defense via corporate, insurance, excise tax hikes

May 21, 2024

The Lithuanian Finance Ministry on Tuesday proposed to raise additional funds for defense by increasing the corporate tax rate by one percentage point, hiking excise duty on fuel, and introducing [..]

Opinions

Estonian Bar Association: Tax administration must not take on the role of legislator

March 12, 2024

New taxes or rules affecting tax liability cannot be imposed by instructions and administrative documents of the Tax and Customs Board, as in a country of the rule of law [..]

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 [..]

Estonia

Estonian chamber proposes EUR 250 as tax-free limit of employee’s health expenses

February 20, 2024

The Estonian Chamber of Commerce and Industry has once again turned to the Ministry of Finance and the Ministry of Social Affairs with a proposal to increase the tax-free limit [..]

Lithuania

Lithuanian econmin sees no way to get back discussion of real estate tax

January 8, 2024

Lithuanian Economy and Innovation Minister Ausrine Armonaite see no way for the incumbent ruling coalition to get back to the discussion on a new model of a universal real estate [..]

Europe

A new era for corporate taxation in the EU enters into force

January 5, 2024

Ground-breaking new EU rules come into effect in 2024 introducing a minimum rate of effective taxation of 15% for multinational companies active in EU Member States. The framework will bring [..]

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 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 [..]

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

Latvia’s government’s tax policy proposals threaten existence of several industries – business organization

October 3, 2023

The tax policy proposals for 2024-2026 supported by the new government threaten the ability of several industries not only to compete, but also to exist, according to a statement released [..]