Latvia News

EU Expecting COVID-19 Dent In 2020 VAT Collections
by Ulrika Lomas, Tax-News.com, Brussels
Tuesday, September 22, 2020
The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018. Read Full Story

Many EU States Tardy In Adopting Anti-Tax Avoidance Directives
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, February 6, 2020
On January 24, 2020, the European Commission issued formal notices to numerous European Union member states with regards to lapses in the implementation of various EU anti-tax avoidance directives. Read Full Story

EU States Shut Down Plans For Public CbC Reporting
by Ulrika Lomas, Tax-News.com, Brussels
Monday, December 2, 2019
EU member states have been unable to reach an agreement on proposals to release to the public information on multinational enterprises' tax affairs. Read Full Story

Ireland Had EU's Lowest Tax-To-GDP Burden In 2018: Eurostat
by Ulrika Lomas, Tax-News.com, Brussels
Friday, November 15, 2019
The overall tax burden in the European Union relative to GDP rose slightly in 2018, to 40.3 percent, the Eurostat has announced. Read Full Story

EU To Probe Potential Abuses Of Citizenship By Investment Schemes
by Ulrika Lomas, Tax-News.com, Brussels
Monday, January 28, 2019
For the first time, the Commission has presented a comprehensive report on investor citizenship and residence schemes operated by a number of EU member states. Read Full Story

Ukrainian Corporate Tax Reform Plans Shelved
by Mary Swire, Tax-News.com, Hong Kong
Friday, December 14, 2018
Ukraine has reportedly postponed consideration of a bill that would reform the country's corporate tax system to shift the burden of tax from company profits to distributions. Read Full Story

Estonia Tops Tax Foundation's Tax Competitiveness Index
by Mike Godfrey, Tax-News.com, Washington
Monday, October 29, 2018
Estonia has topped the Tax Foundation's International Tax Competitiveness Index for the fifth successive year, being deemed to have the "best tax code in the OECD." Read Full Story

Swiss Gov't Approves BEPS Multilateral Instrument
by Ulrika Lomas, Tax-News.com, Brussels
Friday, September 21, 2018
The Swiss Federal Council has approved an OECD multilateral convention designed to prevent BEPS-related abuse of the international tax treaty system. Read Full Story

Latvia Introduces Reduced VAT For Fruit, Vegetables
by Ulrika Lomas, Tax-News.com, Brussels
Monday, January 1, 2018
Latvia introduced a reduced rate of value-added tax on certain locally grown fruit, berries, and vegetables on January 1. Read Full Story

EU Reports On States' Tax Reforms In 2017
by Ulrika Lomas, Tax-News.com, Brussels
Wednesday, December 27, 2017
The European Commission has released the 2017 edition of its survey of Tax Policies in the European Union, looking at the reforms undertaken by EU member states during the year. Read Full Story
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