Latvia is situated in northeast Europe and is one of the
so-called Baltic States, having a coastline on the Baltic
Sea. Latvia regained its independence from the old Soviet
Union in 1991 and joined the European Union in 2004. Latvia
is also a member of NATO. Latvia’s economy grew at a
rapid rate between 2003 and 2007, with growth in GDP of 10.3%
in 2007 and GDP of USD27 billion. The country entered recession
in 2008, brought about partly because of the large current
account deficit and artificially high property prices. GDP
fell by 4.6% in 2008 and by nearly 18% in 2009. GDP was USD39
billion in 2008 but fell to USD32.4 billion in 2009. A further
fall is anticipated in 2010.
Unemployment in Latvia rocketed in 2009, increasing from
8.1% in 2008 to 18.6% by the third quarter of 2009. This was
the highest increase of any EU country.
Latvia has not yet adopted the euro as its currency and
there is no definite date to do so. It continues to use the
Lat (LVL) as its currency.
The Italian Ministry of the Economy has issued amendments to the relevant legislation,
by which Malta and Cyprus have been removed from the country’s ‘blacklist’
of tax havens. RSS
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Governments must now gear their economies towards jobs, international competitiveness
and increasing the tax-take, the Organization for Economic Cooperation and Development has said in its latest ‘Going for
Growth’ report, analyzing the next step for recovering economies. RSS
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The Organisation for Economic Co-operation and Development has released for public comment draft documentation and an implementation package for implementing a streamlined procedure for portfolio investors to claim reductions in withholding rates pursuant to tax treaties or domestic law in the source country.
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Just wondering if anyone had any tips on getting clients to pay up in a timely fashion?
Am a freelance writer, with a number of regular gigs with online and offline publications, but, with a couple of exceptions - which have just about kept my head above water some months - they're all pretty awful at paying up on time. The payments trickle through eventually, but often not without pushing from me.
It's really getting me down, and may well end up sinking me financially. So...what do you do?
I am not an Irish citizen but have been based in Ireland for many years. For the last 6 years I have worked overseas (outside EU) only spending max 6 weeks holiday a year in Ireland. For the time I have been overseas I continued to make an Irish tax return and there was no liability to foreign tax. It is possible that I will secure a 2 year contract overseas that will substantially increase my income. This new contract will require that I pay local income tax. What can I do to minimise Irish tax liability? It may be possible to have salary paid in a double tax agreement location if this would help.
I am looking to set-up as a sole trader in Ireland. One of my clients is an American company paying into my Irish account for work done. Do I have to pay taxes in both countries, or how does this work? Help!M
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