Posts tagged as finmin

Estonian FinMin looking into prospect of lowering excise duty for e-cigarettes

Monday, November 25, 2019

The Estonian Ministry of Finance is preparing an analysis with a view to lowering he excise duty on e-cigarettes, the news portal of Estonia’s public broadcaster ERR reported. The main aim of the move under consideration is reducing the black market for e-cigarettes and e-liquids, spokesperson for the ministry Siiri Suutre said. The analysis is planned to be ready by the end of January. Black market is estimated to account…

Estonian FinMin working on cryptocurrency regulation

Thursday, November 21, 2019

First part of its plan to introduce cryptocurrency regulation in Estonia, the Ministry of Finance has asked market participants about different options for regulating cryptocurrencies. “In Estonia ever greater amounts of capital are raised by means of novel technological solutions, and often these technologies are based on cryptography. Raising capital in this manner is generally not regulated, however, and the rights of investors are not sufficiently protected. Therefore the ministry has…

Lithuania’s 2019 budget to get around EUR 200 mln ”out of shadow”, finmin says

Thursday, October 25, 2018

“A very similar amount to this year’s is planed, around 200 mln euros,” Vilius Sapoka told the parliamentary Committee on Budget and Finance on Wednesday. According to the minister, the shadow economy is shrinking for natural reasons, including economic growth, but major progress has been achieved in this area by the State Tax Inspectorate. “Those additional measures of fighting the shadow economy it is taking … are giving the result,”…