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Tax Distributing non-declared equity contributions are not automatically subject to income tax
The Supreme Court thus finds that a disbursement made from equity capital is not subject to income tax, if the disbursement does not exceed the contribution to the equity and the taxpayer can provide evidence of the equity contribution (regardless of whether or not the contribution has been declared). Read more from the article written by Grant Thornton Baltic's Senior Tax Manager Sander Adamson.
15 Jun 2020
Key changes in tax legislation in the Baltics in 2020
Tax changes Key changes in tax legislation in the Baltics in 2020
In the beginning of the year, several tax changes were introduced in Estonia, Latvia and Lithuania. Some of the changes will become effective in 2020. In addition we shall highlight tax rates applicable in the Baltics as of 2020.
30 Jan 2020
Key changes in tax legislation in the Baltics in 2019
Tax changes Key changes in tax legislation in the Baltics in 2019
In the beginning of the year, several tax changes were introduced in Estonia, Latvia and Lithuania. Some of the changes will become effective in 2019. In addition we shall highlight tax rates applicable in the Baltics as of 2019.
22 Jan 2019
New rules on VAT will simplify e-commerce
E-commerce taxation New rules on VAT will simplify e-commerce
The European Union has adopted new rules on VAT that will simplify and facilitate e-commerce. The rules will come into effect in full on 1 January 2021, but companies that provide electronic services will be able to benefit from the rules already starting 1 January 2019.
20 Dec 2018
Basic income tax exemption requires cooperation
Income tax Basic income tax exemption requires cooperation
The new system for calculating the basic income tax exemption that comes into force next year requires a compromise to be reached between employees and employers.
08 Dec 2017