Latvian Association of Regions proposes establishing micro-enterprise tax rate at 12% instead of 15%, as well as state that calendar year turnover for micro-enterprises is not to be reduced to EUR 40,000, as it is proposed by the government, but to be kept at the current restriction – under EUR 100,000. Of the 28 proposals…
The National Association for Tobacco Product Manufacturers (TIRNA) is confused about Finance Ministry’s submitted proposals for tax reform that provide for raising excise tax on cigarettes by 11% instead of previously planned 5.5%. TIRNA believes the submitted proposals are rushed, economically unjustified and will not secure the economy any major tax income. “Exactly the opposite…
According to Q1 results, the amount of services in the real estate segment has reached KZT 188.48 billion, up by 14.6% YoY. Real estate services are most popular in Almaty City (38.8% of all Kazakhstan, KZT 73.16 billion, +24.3%) and the capital Astana (21%, KZT 39.59 billion, +24.9%). The greatest increase in demand for services…
The hryvnia exchange rate may drop to UAH 28.5 per US dollar by the end of 2017, Oleh Ustenko, Executive Director of The Bleyzer Foundation, stated at a press conference on July 25. “We admit that at best, the exchange rate should be maintained at UAH 28.5 per US dollar by the end of the…
Presidents of Turkmenistan and Kyrgyzstan, Gurbanguly Berdimuhamedov and Almazbek Atambayev, during a phone conversation confirmed the existence of great potential for enhancing relations on a wide range of areas. In this regard, the sides noted the expediency of joint work on the issues of expanding the range of mutually supplied goods and services, creating conditions…
President of Georgia Giorgi Margvelashvili sent a letter to his Turkmen counterpart Gurbanguly Berdimuhamedov on the occasion of the 25th anniversary of establishing diplomatic relations between the two countries, the Turkmen government said in a message. In his letter, Margvelashvili expressed readiness to deepen and expand mutually beneficial partnership with Turkmenistan. The Georgian president pointed…
Around 350 proposals have been received by the Latvian parliament in relation to tax reform laws. Last week, the Saeima supported tax reform laws in the first reading. This week, on the other hand, it is planned to review them in the final reading. Janis Vucans, head of Saeima’s Budget and Finance Committee, had previously…