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Doing Business Guide in the Baltics.
29.10.2014
The Swedish Supreme Administrative Court have asked from European Court of Justice (C-264/14Skatteverket v. David Hedqvist) preliminary ruling on whether...
20.10.2014
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,...
02.10.2014
Relocating your business to another country or city is not only an excellent way to expand your company but it is also a great manner to reduce costs. The most common question is: which country (or city) to choose? While...
30.09.2014
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...
23.09.2014
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...
18.09.2014
The law “On State Social Insurance”, originally passed in 1998, sets out the application of mandatory statutory social insurance payments to salaries received by...
10.09.2014
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...
17.06.2014
On April 2014 Lithuanian president passed...
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
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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...
24.02.2014
On February 6, 2014, in the meeting of Secretaries of the State, was announced the draft law, prepared by the Ministry of Finance of...
19.02.2014
Price fixing generally is understood as the restriction of the buyer's ability to determine its sale price. However not every commercial practice suggesting RRP or setting maximum...