A decision in Lithuania regarding the obligation of a company to collect information about a credibility of its business partners. Aug 24

On 17th of June 2016 the Supreme Administrative Court of Lithuania ruled in case A-3389-602/2016 regarding the obligation of the company to collect information about a credibility of its business partners and took the decision favourable to a tax payer.

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Tax returns will be submitted only by electronic means to the Lithuanian State Tax Inspectorate Aug 17

From 1 October 2016 the tax payers – Lithuanian legal persons – will be entitled to submit all tax returns to the Lithuanian State Tax Inspectorate by electronic means only, with a few exceptions:
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New rules for cash registers and cash systems in Latvia Aug 10

Since the beginning of this year, new rules for cash registers and cash systems have entered into force. The new rules were developed with the aim to introduce stricter technical requirements for use of cash register and cash systems.

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Changes of the Law on State Social Insurance of Lithuania Aug 03

The Law on State Social Insurance of the Republic of Lithuania was amended on 29 June 2016.
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Estonia planning to increase the threshold for registering as a VAT payer Jul 27

There are plans to increase the threshold for registering as a VAT payer and to extend the circle of objects of domestic reverse charge procedure in Estonia.
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Amendments to the Latvian VAT act Jul 20

As of 1 July 2016, Latvia has introduced amendments to the VAT Law on special VAT treatment of cereals and industrial crops supplies. Henceforward, consignee will pay VAT on domestic supplies if the transaction will take place between VAT payers in Latvia. The adopted amendments are aimed to reduce VAT fraud in cereals industry.
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Canada Signs Landmark Free Trade Agreement With Ukraine Jul 13

On 11th of July, Canada's Prime Minister Trudeau, Ukraine’s President Poroshenko and Prime Minister Groysman witnessed the signing of the milestone Canada-Ukraine Free Trade Agreement (CUFTA).

The Agreement is part of Canada’s continued commitment to supporting Ukraine’s efforts to build a stable, democratic, and prosperous country.

Both Canada and Ukraine are committed to the timely ratification and implementation of CUFTA – so that Canadians and Ukrainians alike can take advantage of its benefits as soon as possible.

Quick Facts

  • In 2015, Canada and Ukraine announced the conclusion of the Canada-Ukraine Free Trade Agreement (CUFTA) negotiations.
  • Canada’s International Trade Minister, Chrystia Freeland, and Ukraine’s First Vice Prime Minister and Minister of Economic Development and Trade, Stepan Kubiv, signed the Agreement in Kyiv during Prime Minister Trudeau’s first official visit to Ukraine.
  • Ukraine offers numerous opportunities for Canadian businesses and investors, in areas such as information and communication technologies, agriculture, infrastructure and logistics, aerospace, defence and security, and energy.
  • In 2015, bilateral trade between Canada and Ukraine increased by 13.9 per cent over 2014, totalling almost $278 million. Canada’s exports to Ukraine totalled over $210 million in 2015. Examples of products imported by Ukraine include pharmaceuticals, fish and seafood, and coking coal.
  • Canada’s merchandise imports from Ukraine totalled more than $67 million in 2015. Major imports included fertilizers, iron and steel, and anthracite coal.
  • Now that the Agreement has been signed, Canada and Ukraine will go through their respective domestic legislative processes to ratify and implement the Agreement.


Source: Prime Minister of Canada, Justin Trudeau's office, News Releases.
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Change for new entrepreneurs in Poland Jul 06

From 19 May 2016 the provisions came into effect which enables new entrepreneurs to register for insurance ZUS at the stage of company registration in CEIDG (Central Registration and Information on Business).
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