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Latvia News




IMF Urges Latvia To Make Tax System More Equitable

by Ulrika Lomas, Tax-News.com, Brussels

Monday, June 20, 2016

The International Monetary Fund has called for reform of Latvia's tax regime to support lower income taxpayers. Read Full Story

 


IMF Urges Latvia To Shift Tax Burden To Property

by Ulrika Lomas, Tax-News.com, Brussels

Monday, May 9, 2016

The International Monetary Fund has commended Latvia for its plan to bring tax revenue up to a third of gross domestic product, adding that the tax burden should be shifted towards more efficient and growth-friendly taxation, including property taxation. Read Full Story

 


International Support For Beneficial Ownership Info Exchange

by Robert Lee, Tax-News.com, London

Wednesday, April 27, 2016

More than 20 jurisdictions have signed up to a pilot project to exchange data held on beneficial ownership registers and registers of trusts, according to UK Chancellor George Osborne. Read Full Story

 


Hong Kong, Latvia Sign DTA

by Mary Swire, Tax-News.com, Hong Kong

Friday, April 15, 2016

On April 13 in Riga, Hong Kong's Secretary for Financial Services and the Treasury K C Chan signed a comprehensive double taxation agreement between Hong Kong and Latvia. Read Full Story

 


EU Auditors Call For Renewed Efforts On VAT Fraud

by Ulrika Lomas, Tax-News.com, Brussels

Friday, March 4, 2016

The current European Union system for fighting cross-border value-added tax fraud is not effective enough, according to a new report by the European Court of Auditors. Read Full Story

 


World Bank To Review Latvian Tax System

by Ulrika Lomas, Tax-News.com, Brussels

Friday, January 29, 2016

Latvia's Ministry of Finance on January 28, 2016, signed an agreement with the World Bank aimed at reviewing the efficiency, competitiveness, revenue mobilization, and equity of the country's tax system. Read Full Story

 


European Union Tax Burden Rose In 2014

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, January 19, 2016

The tax-to-gross domestic product ratio in the European Union crept higher in 2014, to 40 percent, according to a new report from Eurostat. Read Full Story

 


EU Commission Extends Reverse Charge For Latvian Timber

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 13, 2015

The European Commission has authorized Latvia to continue applying a measure derogating from Article 193 of the VAT Directive, enabling it to continue applying the reverse charge mechanism on supplies of timber. Read Full Story

 


Sixteen States' Tax Transparency Frameworks Reviewed

by Jason Gorringe, Tax-News.com, London

Wednesday, November 4, 2015

Sixteen peer review reports were released at the recent plenary meeting of the OECD Global Forum on Transparency and Exchange of Information for Tax Purposes on October 29-30, 2015.

Read Full Story

 


Latvia Planning Solidarity Tax

by Tatiana Smolenskaya, Tax-News.com, Moscow

Friday, October 2, 2015

Latvia's Finance Ministry has announced a draft law for the introduction of a new tax for high earners, to make the nation's flat tax regime more progressive. Read Full Story

 

 

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