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Doing Business Guide in the Baltics.
10.01.2013
Starting from January 1st 2013 few tax changes came into force.
1. Changes in the Income Tax Act
Starting from 2013 it is possible to move between funded pension...
07.01.2013
Starting from January 1st 2013 few tax changes came into force.
What concerns the Lithuanian VAT law, preferential VAT rates are applicable for few new categories of...
17.12.2012
Gencs Valters law firm in Lithuania also provides services related to compulsory registration as a Value Added Tax (VAT) payer.
In the ...
15.11.2012
Definition
From 1 May 2004, when Latvia joined the European Union, the fiscal borders between old Member States and new Member States have disappeared and customs...
12.11.2012
Estonian Parliament made several remarkable decisions in June 2011 regarding legal acts in Estonian taxation field that came into force with the amendments of Income Tax Act on January 1, 2012. Specifically,...
07.11.2012
In the year 2012 Lithuanian economy kept growing slowly, but steadily. As Lithuania has not still entered the Euro zone, Euro zone problems shattering Southern Europe countries have not touched...
01.11.2012
Estonian Minister of Foreign Affairs Urmas Paet and Uzbekistan Minister of Foreign Affairs Abdulaziz Kamilov signed a Double Taxation Avoidance...
31.10.2012
Estonian Foreign Minister Urmas Paet had an official meeting in New York with Thai Minister of Foreign Affairs Surapong Tovichakchaikul at the end of...
30.10.2012
Estonian Minister of Foreign Affairs Urmas Paet and Mexican Minister of Finance José Antonio Meade Kuribregana signed a Double Taxation Avoidance Treaty...
29.10.2012
Estonian Minister of Foreign Affairs Urmas Paet and Cyprian Minister of Foreign Affairs Erato Kozakou-Marcoullis signed a Double Taxation Avoidance Treaty...
25.10.2012
Definition of services
According to Section 1 of the VAT Act, a supply of services means a transaction which is not the supply of goods within the meaning of the VAT Act, but is:
- an...
24.10.2012
Starting from 1st of Januari 2009, the VAT in Estonia for funeral services have been 18% risen from the previous 5% and since 1st of...
19.10.2012
When goods are transferred from a business in Latvia to another Member State, to be used in the other Member State in the course or furtherance of the business there, this is...
15.10.2012
The Lithuanian Finance Ministry proposed to commence negotiations for the avoidance of double taxation and prevention of fiscal evasion treaty...
09.10.2012
During the official visit of President of the...
08.10.2012
On September 18, 2012 the Cabinet of Ministers of Republic of Latvia revised the amendments to the Law on Personal Income Tax.
The draft law...
04.10.2012
03.10.2012
Incidental transactions
In order to be a taxable person, the person must...
01.10.2012
Public bodies
Public bodies such as the state, provinces and municipalities are not considered to be taxable persons in respect of activities or transactions in which they are engaged as public authorities.
Section 3...