Updates in Estonia related to reverse charge on metal products Nov 22

It has been reported that issuing invoices will be simplified for traders of metal products.
As it has become clear that too many metal products are subject to national reverse charge, some of the products are to be removed from the reverse charge list as of January 2018.
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Tax exemption for staff catering expenses in Latvia Nov 15

In general, catering costs of the employees paid by the employer can be regarded as salary and are therefore subject to social insurance contributions and personal income tax (PIT).
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Lithuania reports minimum wage increase from 2018 Nov 08

The Government of Lithuania has agreed on increasing the minimum monthly salary to 400 € and minimum hourly salary to 2,45 € starting from January 1st, 2018.
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Compensating Sports Expenses in Estonia Nov 01

The current Estonian Income Tax Act considers most expenses related to improving employee’s health as fringe benefits, therefore subject to income tax and social tax. But from January 1st, 2018, employers have the opportunity to compensate sports expenses of their employees up to 100 euros per quarter tax free.
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Updates to the Corporate Income Tax Law in Latvia. Oct 25

As announced earlier this year, the new Corporate Income Tax Law will enter into force on January 1st, 2018, bringing along significant changes in tax calculation and the tax base.
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On informing the Lithuanian STI about Country-by-Country Report details Oct 18

Multinational Enterprises (MNE) operating within the European Union with total consolidated revenue above 750 million Euros are required to submit the Country-by-Country (CbC) Report to the Lithuanian State Tax Inspectorate.
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Classification of representation and advertising expenses in Latvia Oct 11

Advertising, networking with customers and partners, representative events etc. bring along costs. The correct and consistent classification of such expenses can be challenging, but is very important for proper tax calculation.
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Advance Payments and Proforma Invoices in Hungary Oct 04

A frequently asked question by our clients is: „How to manage advance payments in Hungary?“. Leinonen Hungary has outlined some important details on the subject.
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