Posts tagged as revenues

Tax revenues to take 1.5-billion-euro hit

Wednesday, April 29, 2020

A meeting of the Latvian Cabinet of Ministers on April 28 approved initiatives from various ministries aimed at aiding the financial recovery from the global recession that seems inevitable as a result of the COVID-19 crisis.  Downtime wages The Cabinet supported an Economics Ministry proposal to allow employers to apply the Labor Law more flexibly and pay 70 percent of wages in case of downtime. According to the present law, employees have to…