The Baltics Today

Latvian Financial Police in cooperation with Lithuanian colleagues break up two VAT fraud rings

The Financial Police under the Latvian State Revenue Service has caught two gangs, who had been operating for nearly two years, causing great losses to the national budget through value-added tax (VAT) fraud, the State Revenue Service said LETA/BNS.

Estonian government backs three tax policy changes

The Estonian government at Thursday's Cabinet meeting gave its backing to lowering the income tax rate for mature companies, restricting withdrawal of profit from subsidiaries in the form of loans and easing the taxation of and financial reporting rules for self-employed persons, informs LETA/BNS.

Estonian Harju Elekter stands to make EUR 25.8 mln from sale of PKC shares

f the listed Estonian electrical equipment maker Harju Elekter accepted Indian Motherson Sumi's offer for PKC shares it would earn 25.8 mln euros from the transaction, reports LETA/BNS.

Lithuania should secure permits for beef and poultry exports to Japan by March

Lithuania should secure permits to export beef and poultry products to Japan by the beginning of March, which would enable Lithuanian producers to seek direct opportunities to export their products to the market, Ambassador to Japan Egidijus Meilunas says LETA/BNS.

Venta Global Limited buys 80.1% of shares in Triatel telecommunications operator

Venta Global Limited has acquired 80.1% of shares in Telekom Baltija telecommunications company, which operates under the Triatel brand name, according to a statement submitted to the Nasdaq Riga stock exchange.

Low levels of investment activity mean that companies are borrowing less than before

Corporate debt liabilities shrank in the third quarter of 2016 despite the rapid growth in bank loans. Growth in household loans accelerated, but remained slower than growth in incomes and savings. As before, more financial assets were invested abroad or returned there than were taken in from abroad