28.10.2014
Expatriates are liable for Latvian taxes depending on their tax residency. Latvian residents are taxable for their worldwide income. Non-Latvian residents are liable for their income derived in Latvia. Pursuant to the domestic...
24.10.2014
The Law on Value Added Tax of the Republic of Lithuania is the main legal act regulating calculation, payment and declaration of value added tax. Currently in Lithuania value-added tax (VAT) rate is 21%. It shall be...
16.10.2014
The Swedish Supreme Administrative Court have asked from European Court of Justice (C-264/14 Skatteverket v. David Hedqvist) preliminary ruling on whether when...
14.10.2014
Estonian legislation defines Social (Security) Tax as financial obligation imposed on taxpayers in order to secure revenue for pension insurance and state health insurance. Social tax shall be paid on following: Wages and other remuneration...
09.10.2014
On the January 1, 2006 a Law on Real Estate Tax has entered into force. The tax ranges from 0,3% to 3% and it is paid by real estates intended for certain purposes (administration, accommodation, trading, services, catering,...
06.10.2014
Annual reports The length of a financial year is estimated to twelve months (one calendar year, unless provided otherwise). There are several cases where the financial year may be shorter or longer than the previously mentioned term,...
24.09.2014
According to the law “On Value-Added Tax”, adopted in March 1995, VAT has to be charged on any supply of goods or services, on the import of goods, as well as on self -consumption. Until June 30, 2012 VAT rates...
15.09.2014
It is important to bear in mind that in Estonia in contrast to a number of European countries there is no systematic monthly corporate tax. Instead a resident company shall pay income tax on profits distributed as dividends...
11.09.2014
The law “On State Social Insurance”, originally passed in 1998, sets out the application of mandatory statutory social insurance payments to salaries received by...
08.09.2014
Personal income tax is imposed on the income of a taxpayer from which deductions pursuant to Estonian tax legislations have been made. The income tax shall be paid by natural persons and by employers who are natural persons...
01.09.2014
The Law on Tax Administration, originally adopted in 13 April 2004, sets out the general taxation principles in Lithuania. This law sets basic concepts and regulations which must be observed in...
28.08.2014
European Union has not been a big player regarding taxation within member states. EU has considered that taxation is something the states should be complying with by themselves. The...
30.07.2014
Changes regarding deductible VAT On the 3rd of July the President of the Republic of Estonia declared the amendments to the Estonian Value Added Tax Act (hereinafter the Act). The...
20.06.2014
Lithuanian government has submitted Tax administration law amendment which increase control powers granted to Lithuanian tax authority. After negotiations Parliament budget...
03.06.2014
On 20th of May 2014 the President of the Republic of Estonia Toomas Henrik Ilves proclaimed law (493 UA) for changing the current Value Added Tax Act with adding an annex to the VAT return...
06.05.2014
Corporate Income Tax Rates in Baltics Country Standard rate Decreased rate Transfer of loses to next ...
17.04.2014
Taxpayers Corporate income tax is paid by: domestic companies – residents; non-residents; permanent representative offices of non-residents that perform economic activity. Taxable objects Corporate income tax is...
15.04.2014
About Legal 500: The hugely successfulLegal 500series of guides reviews...
25.03.2014
A resident of one country carrying on business in another other country generally will be subject to that country’s income tax if it has a permanent...
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For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu


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