According to the Regulations of the Cabinet of Ministers winter navigation in all Latvian ports begins on December 15, and ends on April 15, says Freeport of Riga Authority. The decision on ice navigation opening at the Port of Riga and the Gulf of Riga, as well as on the necessity to employ icebreakers is…
On December 20, Riga Freeport Authority approved of the budget for 2017 in accordance with goals listed in Development program 2009-2018. Planning the next year’s budget revenue section, participants of the meeting took into account the cautious cargo turnover outlook, which was based on cargo turnover plans submitted by stevedore companies. It is predicted that…
Starting from 2017, micro-enterprise tax rate in Latvia will be 15% of turnover. At the same time, the government has decided to cancel the introduction of minimal social insurance fees. This is provided by amendments to Micro-enterprise Tax Law and State Social Insurance Law approved by the Saeima. Micro-enterprise Tax Law was added with a…
Latvia’s alcohol market will be affected by changes in legislative regulations and import prices in neighboring countries next year, spokesperson of Liviko alcoholic beverages importer and wholesale trade company and Latvian Alcohol Industry Association Gennady Klepikov reported. According to him, it is hard to predict next year’s prices of imported products in Latvia, as much…
There could be a price increase on dairy products, coffee, oils and oranges next year. This can be explained with trends on world markets. On Latvia’s local markets, however, there could be a price increase for bread, head of Agricultural Resources and Economics Institute’s department Inguna Gulbe said. At the same time, she said prices…
Last week Latvia’s Saeima conceptually supported legal drafts that provided for raising micro-enterprise tax rate from 9% to 15% and refusal of introduction of minimal social fees starting from 2017. This means the end for the story that riled up the population at the end of the year. Or perhaps it’s just the beginning. In…
The government, entrepreneurs and social partners continue sharp discussions of the future of micro-enterprises and the tax regime to be applied to them in the foreseeable future. One proposal suggests canceling the payment of mandatory minimal social fees and increasing micro-enterprise tax rate from 9% to 15%.This proposal was reviewed week by members of the…