Author: Aija Lasmane, Sorainen Tax partner What is Global Minimum Tax? On October 8, 2021 an agreement between OECD countries was reached on two work directions regarding business income taxation, of which: the first pillar relates to new profit-sharing rules, which aim to redistribute the surplus profits of large international groups to jurisdictions where consumers […]
Assistant lawyer Nikola Cīparsone compiled the material. Banking and finance Commission Delegated Regulation (EU) 2024/1504 specifying the procedural rules for the exercise of the power to impose fines or periodic penalty payments by the European Banking Authority on issuers of significant asset-referenced tokens and issuers of significant e-money tokens Published: 30 May 2024 […]
Raigo Uukkivi is a head of the Estonian tax administration. In this Tax Stories episode we mainly tried to compare Estonia and Latvia – tax systems, tax administrations & discussed Baltic unity. Listen to the podcast here ! In the podcast you will learn: Why Estonia considers revoking the reduced CIT for regular dividends and other […]
Assistant lawyer Nikola Cīparsone compiled the material. Energy A regulation on tracking and reducing methane emissions adopted by the Council Adopted: 27 May 2024 The Council has adopted a regulation on tracking and reducing methane emissions. It is part of the ‘Fit for 55’ package. The regulation introduces new requirements on measuring, […]
On 21 May 2024, the Defence Fund package was presented in Lithuania, to bring Lithuania’s defence spending up to 3% of GDP. The proposal outlined how the defence budget will be increased; several are related to the insurance sector. According to the information available to us, the Lithuanian Government is planning to discuss and debate […]
