Ukraine: local budgets revenue up in H1 2019

Receipts of own revenues of the local budgets’ general fund in January-June increased to UAH 128.8 billion ($4.99 billion), which is 19.6%, or UAH 21.1 billion ($817 million) over the amount for the same period of 2018. That’s according to Vice Prime Minister, Minister of Regional Development, Construction, Housing and Public Utilities of Ukraine Hennady…

Lithuania: Ukrainians hungry for jobs

Once a country of EU record-high emigration, Lithuania has recently become a new home for thousands of Ukrainians, who come here in search of a better life. According to the Lithuanian Migration Department, the number of Ukrainians living in Lithuania rocketed by almost 42% in 2018, making them the largest foreign community in Lithuania. The…

Azerbaijan: taxes applied to online business

If quarterly incomes of persons in Azerbaijan engaged in online business exceed 200,000 manats, they are subject to income tax and value added tax, the Azerbaijani Ministry of Taxes reported. “If the amount of taxable transactions exceeds 200,000 manats, these people should apply for registration as VAT payers in the first decade of the next…

Kyrgyzstan: state debt up in May 2019

In May the state debt of Kyrgyzstan reached $696 per capita. Over the month, the debt burden has grown by $1.51. According to the Ministry of Finance, as of May 31, the total amount of state debt (external + internal) of Kyrgyzstan was $4,453.86 billion (311,102.22 billion soms), including $3,783 billion (264,242.34 billion soms) of…