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Tuesday 24.10.2017 | Name days: Renāte, Modrīte, Mudrīte
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Vejonis: new tax system will start working if everyone starts paying taxes honestly

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU«To improve the development of Latvia’s national economy and residents’ welfare, it is important to realize an efficient tax reform, which is one of the main objectives for the government,» said Latvian President Raimonds Vejonis during his meeting with chairman of Latvian Free Trade Unions Association Egils Baldzens on Tuesday, 25 April.

Vejonis emphasizes that the success of the reform process is largely determined by how actively and responsibly society is involved in it.

The president also explains that it is highly important to ensure that the tax reform reduces the proportion of grey economy. Such a feat is only possible if all people pay taxes honestly. «Developing the new tax system, the government proves its will to carry out its duties before residents and businessmen, creating a beneficial environment for all. The system can function properly only when everyone is involved in it. This means that every resident also has to perform duties before the state, including honest payment of taxes,» Vejonis said.

State President’s Chancellery reports that Vejonis values that all sides – social partners, business organizations and experts – have been involved in the development of the reform alongside the government. «Successful dialogue has been carried out. All sides involved in the discussion have contributed to the discussion and demonstrated flexibility. It is no less important to ensure that commitments turn into actions,» Vejonis continued.

The president emphasized that the main goal of the reform is increasing economic activity, creating better conditions for business development and securing greater income for the state budget.

«The reform has to ensure larger income for residents. This is why it is important to reduce labour tax, raise minimum wage and non-taxable minimum for labourers, pensioners and families with children.»

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  1. Zerry says:

    Vejonis is right, somehow. But I think those big fishes will continue avoiding taxes as earlier. SRS has competence only against small companies and individuals. That gives nothing to state comparing to time it takes from SRS. But generally the direction of reform starts finally looking more reasonable.

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