The amount of VAT violations in Estonia doubled in the first seven months of 2023, according to the Estonian Tax and Customs Board (EMTA), BNS reports. EMTA inspected and advised 5,000 companies over the period, resulting in increased VAT obligations of EUR 35.8mn, which is twice as much as a year earlier and EUR 6mn…
Estonian media reported that the Office of the President has made the promulgation of legislation passed by the parliament, the Riigikogu, contingent on the government agreeing to allocate additional funding, ERR reports. An anonymous minister told Postimees that Peep Jahilo, head of the Office of the President, requested an additional EUR 360,000 of funding from government…
The director general of Latvia’s State Revenue Service (VID), Ieva Jaunzeme, has informed the Ministry of Finance that she will not seek another term in office, LETA reports. Jaunzeme will continue to serve as head of VID until the end of her term on 12 February 2024, provided that VID manages to complete tasks set…
The Lithuanian government has allocated EUR 276mn from borrowed funds for military mobility and infrastructure projects in 2023, BNS reports. Finance Minister Gintare Skaiste said that the Defence Ministry would invest EUR 148mn and the Ministry of Transport and Communications another EUR 128mn in the first year of the investment programme. Total investments in military…
Latvia’s State Revenue Service (VID) has published a list of the country’s 17 largest corporate taxpayers, Baltic News Network reports. VID highlighted the largest taxpayers in the large, medium, and small business segments in Latvia’s five regions. The country’s biggest taxpayer in 2022 was Polish-owned fuel trader Orlen Latvija, which paid 278.95mn in taxes. In…
An overwhelming majority of Estonians oppose the introduction of a proposed car tax, according to a Norstat poll conducted in July 2023 for the Institute of Societal Studies (YI), ERR reports. The survey showed that 72% opposed and 21% supported the car tax. The remainder had no opinion. Altogether 80% of households polled had a…
The Investment and Development Agency of Latvia (LIAA) has approved 20 foreign direct investment (FDI) projects to the tune of EUR 371.5mn so far in 2023, LSM reports. The projects will create 1,160 new jobs. The investment projects are in sectors such as bioeconomy, ICT, photonics and smart materials, smart energy and mobility, as well…
Estonia’s Finance Ministry has proposed two alternative models for a motor vehicle tax, BNS reports. Under the first model, the tax would be based on the environmental impact of the motor vehicle over its entire life cycle, including manufacture, use, and disposal. Under the second model, the tax would be based on the amount of…
Latvia’s Ministry of Agriculture has proposed that a reduced VAT rate on fresh fruit, berries, and vegetables should remain in place in 2024 as well, Baltic News Network reports. The ministry’s report showed that fruit and vegetable farms in Latvia expanded more rapidly than in other EU countries in 2017-2022. At the same time, imports…
