bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Monday 18.06.2018 | Name days: Madis, Alberts

Reducing VAT for food by 10 % would lessen tax burden on low - income groups

After analysing the ways of reducing the tax burden on low-income population and making Latvia's taxation policy more progressive, one of the possible solutions proposed was to reduce the rate of value added tax (VAT) by 10% on food, as mentioned in Riga School of Economics (RSE) and Baltic International Centre for Economic Policy Studies (BICEPS) research on the tax policy in Latvia.

Latvia faces the second highest deflation in the EU in July

According to the data of the Statistical Office of the European Commision Eurostat, consumption prices in Latvia in July, as compared with the exact month of the previous year, have dropped by 0.7%.

Coalition interferes with decision making about excise tax for natural gas

Parliamentary coalition fractions today in Saeima session again interfered with the decision to abolish the excise tax for natural gas. They artificially created the lack of quorum.

Drop by 0.1% in the volume of industrial production

According to the data of Central Statistical Bureau, the volume of industrial production decreased by 0.1% in June 2010, as compared with May 2010, after seasonally adjusted data at constant prices. This includes electricity and gas supply - by 1.9%; however, there has been an increase of 0.2% in manufacturing and by 1.9% in mining and quarrying.

Shareholders meetings for AS Ventbunkers and LNT convoked for March 26

The Ventspils Transit companies A/s Ventbunkers and A/s Latvijas Naftas Tranzits inform that the shareholders’ meetings of both companies will convene on March 26th 2010.

Newest comments