Lithuania

Experts overlook the purpose of Lithuania’s tax reform, highlight risks to personal income tax collection

July 4, 2025

With Lithuania’s Finance Ministry forecasting that the latest tax reform will contribute around 340 million euros to the Defense Fund next year and more than 500 million euros annually in [..]

Estonia

Mihhail Kõlvart: There will be no tax stability

October 9, 2024

Cutting back on social and family benefits today entails much steeper spending to address the effects of deepening poverty in the future. It is a systemic problem preventing which would [..]

Latvia

Tax reform will respond to economic development challenges – Silina

August 14, 2024

The tax reform proposed by the government will most likely respond to the challenges of the economic development, Prime Minister Evika Silina (New Unity) said in an interview with the [..]

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, [..]

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 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 [..]

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 [..]

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) [..]