Business Consulting Group
Make the right decision
Business – it is chess
(495) 501-00-45
Home - News

The income tax return for 2020 must be submitted in an updated form

The IFTS finalized the declaration form, its format and the procedure for filling it out.


The government has prepared a project according to which the annual income is more than 5 million rubles. you need to pay personal income tax at a rate of 15%.

It is planned that the new rules will need to be applied starting with revenues generated in 2021.


The minimum wage for 2021 became known

The Ministry of Labor has established a living wage for the working-age population for the II quarter of 2020. It is equal to 12 392 rubles.

The minimum wage is raised to the subsistence level Read more
The Ministry of Finance again confirmed that the journal of the cashier-operator can not be kept Uniform primary forms for accounting trading operations using CCPs are not required. Read more
The central bank lowered the key rate. Read more
The Federal Tax Service is planning to update the form of the income tax declaration and the rules for filling it The European Commission has published a new list of carriers who are prohibited from flying to Europe. This year, 181 airlines from 16 countries were included in the list. This is reported on the website of the European Commission. Read more
More Than 5 000 New Cars are Sold in Latvia This Year The growth in sales of new cars in the four months of this year in Latvia was the fourth smallest in the EU, in Lithuania - one of the largest in the EU, according to the European Automobile Manufacturers' Association (ACEA), as reported by LETA. Read more
Russians will Open a Chocolate Factory in Jelgava In September, a chocolate factory LLC “Chocolette Confectionary” may start its work in Jelgava, as the LETA Agency was informed by the enterprise. Read more
In 2017, the Ministry of Finance is Planning a Large-Scale War against Shadow Economy In 2017, at least 20 actions will be implemented provided by the plan for combating shadow economy, said the Minister of Finance Dana Reizniece-Ozola. Read more
Summary of the Year: Small Business Got Lost in the Maze of Micro-Enterprise Tax The last year and a half the issue of micro-enterprise tax (MET) was like a hot potato - which hand take, be sure to be burned, writes “NRA”. Read more
Swedish IKEA is Considering the Possibility of Opening a Store in Latvia The world's largest furniture trader - the Swedish company IKEA is still considering the possibility of opening stores in Estonia and Latvia. Read more
Free Conversations: LMT Cancels Roaming Charges across Europe Starting from November 1, the company Latvijas Mobilais Telefons (LMT) cancels all restrictions on calls across Europe. Read more
The Competition Council will Verify the Transaction on Merging of DNB and Nordea Banks The Competition Council (CC) received the news about the transaction, in the result of which the company Indy AB will get a decisive influence in the banks of DNB and Nordea in the Baltic States. Read more
Businessmen Believe that Latvia should Consider Importation of Guest Workers The country needs to think about the guest workers as solving the problem of labour shortages, said today businessmen at a press conference of SEB Bank according to survey results of financial directors of large companies. Read more
By 2020, the Harbours of Latvia may Lose All Cargos from Russia All Russian cargos, which are currently handled at the harbours of the Baltic States, must be reoriented to the Russian harbours by 2020. Read more
Latvia is Trying to Find Replacement for Russian Oil Latvia wishes to become a member of the transport project “New Silk Road”, taking into account the decision of the Russian company Transneft to stop the export of oil through the Baltic ports by 2018 Read more
Most Latvian Employers Lack of Skilled Employees Latvian employers have serious problems with the availability of labour force - 70% of them constantly, frequently or quite often do not have enough skilled employees, and 85% cannot find the employees who would be rated as “good” ones by the company, according to a survey conducted by the Employers' Confederation of Latvia (LDDK). Read more
The Food and Veterinary Service Found Old Sweets Delivered to the Largest Stores of Latvia The Food and Veterinary Service (FVS) found out that a large-scale overlabeling of food products with expired expiry date is carried out at the warehouse of the company Triom in Jelgava. The Service discovered almost ten tons of various sweets - candies, chocolate, cookies with expired expiry date. Read more
Import of Cigarettes in Latvia Increased for a Quarter within Seven Months Latvia for the first seven months of this year imported 2.835 billion cigarettes, which is for 25% more than in the same period of 2015, according to the data of the Office of Excisable Goods of the State Revenue Service. Read more
Reducing the Number of Banks Has Been Explained by the Limited Growth Opportunities Since 2008, quite a lot of banks left the market of Latvia, but due to the limited economic potential these trends will continue in the coming years, said President of the Association of Latvian Commercial Banks Martins Bichevskis in an interview to the Latvian Radio. Read more
Dairy Farmers and Pig Breeders will be Able to Change the Type of Activity without Sanctions The appropriate changes in regulations are made and mandatory deadlines of supervising the implementation of projects co-financed by the EU are reduced in order to facilitate complicated procedure when dairy farmers and pig breeders want to reorient to other agricultural activities because of the crisis. Read more
In Italy, the Branch of the Latvian Bank “PrivatBank” is Closed The Central Bank of Italy said today that it has begun to take actions to close the Latvian branch of the credit institution “PrivatBank” on its territory, since this financial institution has violated regulations governing the prevention of money laundering, said the agency Reuters. Read more
Differentiated Tariffs for Electricity: Who will Pay More? Today new tariffs for distribution service component of electricity come into force, making payments for the consumed electricity, which provide the introduction of a fixed monthly fee to all electricity consumers. Low-income users will be compensated the increase of electricity bills. Read more
Latvians are more likely to be refunded the overpayment of taxes In the first half of the year, the amounts of personal income tax (PIT) have grown by 60.8%, refunded to the people by the State Revenue Service, said Acting General Director of the State Revenue Service Dace Peleka at today`s press conference. Read more
"Coface": Global Business Risks Reached the Highest Possible Level The international credit risk insurance company “Coface” raised its estimate of Latvia to A4 in the rating of business environment of countries. Despite the fact that the rating has improved for a number of European countries as well, the overall level of risk in the world reached a record high level. Evaluation of business environment of the world's largest economies - the US and China - has deteriorated. Read more
The Shopping Mall “Domina Shopping” Changed its Owner EfTEN Kinnisvarafond II Real Estate Fund bought the shopping mall Domina Shopping in Riga from the company KanAm Grund Group for 74.5 million euro, have informed BNS its representatives. Read more
It is unprofitable to Build Apartments of Economy Class in Latvia People in Latvia want to buy residential property, but they usually choose apartments of economy class, the final price of which is so minimized that this cannot not to affect the quality of construction. It is unprofitable to build apartments of economy class in Latvia in small amounts, said the owner of the real estate company “Vestabalt” Aldis Plaudis in an interview with LETA. Read more
Economist: Due to the Exit of the UK from the EU Woodworking Industry in Latvia Will Suffer the Most Although the direct impact of the exit of the UK from the EU on Latvian export will not be huge, because export to this country is 5% of the total volume, the effects may be felt by particular industry - woodworking, for which the United Kingdom is an important market, said to the LETA agency an economist of Swedbank Martins Kazaks. Read more
The SRS Discovered Fraud with Customs Duties for Hookah Tobacco Customs officers of the State Revenue Service (SRS) found fraud with customs duties while importing of the hookah tobacco cargo from Lithuania, have informed the Department of Public Relations of the SRS to BNS. Read more
Affordability of Residential Property has Improved in the Capitals of the Three Baltic States According to the Swedbank index that determines the affordability of residential property, in the first quarter of this year this index in Tallinn in comparison with the previous year has improved the fourth quarter in a row. The net salary of the inhabitants of the capital of Estonia in the first quarter grew by 8.5% in the annual comparison and is much higher than the growth of apartment prices. Read more
Starting from June 1 Banks will Verify the Customers with Respect to Political Importance Starting from June 1 banks and other institutions that provide financial services will find out, whether the customer is a politically important person or not in Latvia, a member of such person's family or closely related to him before starting relationships with new customers. Read more
ABLV Bank Was Fined for 3.17 Million Euro The Financial and Capital Market Commission (FCMC) has fined the second largest bank in terms of assets in Latvia - ABLV Bank for 3.17 million euro for violations found by the Commission during the inspection Read more
News 61 - 90 of 174
First | Prev. | 1 2 3 4 5 | Next | Last All