bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 16.01.2018 | Name days: Lida, Lidija
LatviaLatvia

Latvia to collect 250 million lats by partial debt cancellation

FaceBook
Twitter
Draugiem
print
(+1 rating, 1 votes)

Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU

Businesses and residents own the state 806 979 260 in taxes – 2.8 times the amount for this year’s budget consolidation, including the tax increase. Moreover, the sum surpasses the amount to be cut this year 16 times, reports Latvijas Avīze.

According to the SRS data on tax debt structure as of March 1, this year, only 295.7 million lats, or 30.5% of the total tax amount can be actually levied. The Finance Ministry’s Tax and Customs Administration Policy Department senior expert Dace Avotiņa explains the massive tax debt sum – more than 800 million lats – has been accumulating since the establishment of tax accounting system and the national independence restoration 20 years ago. This is why, for example, Bank Baltic is among more than 7 000 companies indebted to the state, yet no measures can be imposed on it.

Already since last year, when the shadow economy combat plan was created, there have been talks on tax amnesty. While the Finance Ministry proposes fiscal support measures, which could be partially considered as amnesty. Namely, if already this spring the government and the Saeima approve it by the summer session, already in the second half of 2011 the SRS will be able to offer debtors tax payment delay and partial fine cancellation, if the principal tax debt is paid before a certain time-limit, Avotina notes.

The Finance Ministry hopes the tax support measure will bring 15 million lats in the budget this year. Overall, the state expects to collect at least 250.8 million lats.


Leave a reply

  1. Ruth.lt says:

    Why didn’t they consider this option earlier?

    Thumb up 0 Thumb down 0

Politician reports meddling with e-health system; prime minister parries

Last Thursday, 11 January, e-health system ‘suffered malfunctions’, which suggests that it may have been hacked, Saeima’s Social and Employment Matters Committee head Aija Barča mentioned in an interview to Latvijas Radio.

Pension fund cautious about 500-million-euro bridge project to Saaremaa

Commenting on the idea that Estonian pension funds could invest into the ambitious project of building a bridge from mainland Estonia to the country’s largest island, Swedish Swedbank has expressed caution.

Study: more than half of Latvians do not trust other people

52% of Latvian residents believe most people cannot be trusted. Only 5% of residents are ready to trust their fellow man. Less than one-fifth of Latvian residents trust decision-makers, according to results of a study performed by SKDS.

Economic expert: 2018 expected to be good for investors

«This year promises to be good for investors, because global economy is on a rise and profits of businesses have a tendency to grow,» says Luminor economic expert Gints Belēvičs.

Estonia counts more residents for 3rd consecutive year

Registering an increase in the Estonian population for the third consecutive year, Estonian statisticians have estimated that the population has increased by 3,070 people to 1,318,700 residents. They have also warned that this is preliminary data, which could still change considerably as unregistered immigration has not been included.

Russian school struck by teenager knife attack

In a knife attack on a school in Perm, Russia, eleven children and a teacher have suffered injuries.

NA: city council has to consider new partnership approach for Agenskalns market

Riga City Council members have to decide what is more important for Agenskalns market’s development: rate or quality. There are two options: force a closed market development with an auction of long-term lease or consider public private partnership option. Such a proposal was submitted to Riga City Council’s City Property Committee by the faction of the National Alliance.

Romania Prime Minister changed, second since June

Romanian head of government Mihai Tudose has lost the support of his own Social Democratic Party becoming the second Romanian Prime Minister to lose the seat in seven months.

Moderately rapid export rise recorded in Latvia in January-November period

Compared with the previous year’s period, a moderately rapid export growth was recorded in Latvia in the January-November period of 2017 when compared with other EU member states, according to data published by Eurostat.

Japanese R&I upgrades Latvia’s credit rating to A-

Japanese Rating and Investment Information, Inc. (R&I) has announced its decision to upgrade Latvia’s rating from BBB+ to A- with a stable outlook, as reported by Latvian State Treasury.

KVV Liepājas metalurgs to be auctioned off

Insolvency administrator to the bankrupt KVV Liepājas metalurgs Guntars Koris has decided to sell property owned by the company at an auction, as confirmed by the administrator’s representative Dzintars Hmieļevskis.

Port turnover of Latvia’s neighbours up 9%; Latvia suffers 2% decline

«Total turnover of Russian ports has grown to 787 million tonnes, according to data from Russian Federal Agency for Marine and River Transport. Compared with 2016, stevedores of Latvia’s neighbouring countries serviced 7.2% more liquid cargoes, with their volume reaching 414 million tonnes. The total volume of bulk cargoes, on the other hand, has increased by 11.1%, and now reaches 373 million tonnes,» as reported by Dienas Bizness journalist Egons Mudulis.

Greek transport strike seeks to safeguard right to call strikes

A scope of Greek public transport services drew to a halt on the opening day of the week as public transport workers and air traffic controllers engaged in a strike to protest against what they see as attempts to limit they right to hold strikes.

Olaine prison to have a new training centre for correctional service personnel

On 15th and 16th January, Justice Ministry will organize a meeting for the Norwegian finance instrument’s 2014-2021 planning period. During this period, officials will discuss the progress of the Improved correctional services system. As part of this programme, it is planned to build a new training centre in Olaine prison for correctional service personnel, as reported by the ministry.

Estonia's new road tax payment criticised by road hauliers

As the new road tax has entered into force in Estonia in 2018, the country's Association of Estonian International Road Carriers has commented after the first two weeks of its implementation that a key problem is that the state has not granted truck drivers the possibility to pay the road tax at gas stations in addition to the existing way paying the tax online.

Marriott International hotel network enters Latvia’s market

Albert Hotel will be closed down for renovations on Monday, 15 January. It will be reopened in 2019 as AC Hotel Riga part of Marriorr Group. The new Marriott hotel in Latvia will be managed by Legendhotels, as BNN was told by the company.

NP: Reizniece-Ozola and Kučinskis are proud of tax reform, businessmen are not

Latvia’s tax system underwent serious reforms before the country entered 2018. Until now officials only mentioned the benefits – businessmen will no longer have to pay tax for profits if they reinvest money in business development, the majority of small wage recipients will become several dozen euros richer. However, businessmen are generally dissatisfied with the reform, Nekā personīga reports.

Ilves suggests creation of world cyber-security alliance beyond NATO

Former Estonian President, cyber-security activist Toomas Hendrik Ilves has noted that world's democratic countries, starting from NATO, should form a common cyber security organisation.

French wish for baguette to be protected by UNESCO intangible heritage list

French President Emmanuel Macron has stated that the French long bread, baguette, should be added the UN's UNESCO intangible cultural heritage list which aims to save mostly cultural traditions from globalisation.

LTV: ex-insolvency administrators threatened to confiscate Trasta komercbanka creditors’ money

The prosecutor’s office has raised charges against former insolvency administrators Māris Sprūds, Ilmārs Krūms and four others in the Trasta komerbanka liquidation case, as reported by De Facto programme of LTV with reference to information from Prosecutor General’s Office.

Alcohol ban for women upheld in Sri Lanka

An attempt by the government of the South Asian nation of Sri Lanka to lift a ban on buying alcohol has been rejected by the country's President Maithripala Sirisena reasoning that he has listened to criticism of the move.

Weather in Latvia expected to be windy and snowy this week

Weather will change in Latvia this week: more snow and stronger winds are expected in most of the country. On Monday, 15 January, influence of the anticyclone in the country will start declining. A new cyclone will approach Latvia from the west, which will remain until Thursday, as reported by State Environment and Meteorology Centre.

Week in Lithuania. Lithuanian ruling MPs initiate probe into public broadcaster LRT

Lawmakers of the ruling Lithuanian Farmers and Greens Union initiated a parliamentary investigation into the management and financial and economic activities of the public broadcaster Lithuanian National Radio and Television, Arvydas Nekrošius, vice-speaker of the Seimas, confirmed.

BNN summary of the week: growing emigration in Lithuania, better investors’ mood in Latvia

BNN offers a summary of this week’s topical news in a variety of categories: Change, Business, Fight, Decline, Growth, Opinion, Future.

Five pieces of advice to refresh one’s driving skills

Getting a driver’s license is considered an important accomplishment in life. Most Latvians pass the exam around the age of 18. However, not all of them continue improving their driving skills and knowledge after first passing the exam. Safe Driving School and Circle K urge residents to check five pieces of advice that can help consider future steps to help improve driving skills and become confident about driving skills.

Would you be ready to boycott something in your life?

View Results

Loading ... Loading ...

Polls Archive



Category feed: Feed: