Revenue: 2,547,930 LVL Compulsory social security contributions (OSAI), assuming that the export re

Latvian Open Technology Association (LATA) has developed the business support program package, setting the Information what time does the post office close and Communication Technologies (ICT) as one of the priority sectors of Latvian economy, enabling the country two years to obtain additional tax revenues of 60 million what time does the post office close lats.
LATA offered tools include both the effect of fiscal instruments (short-term introduction of fixed asset depreciation surplus ICT investment) and administrative instruments (European Structural Funds financed project evaluation criteria for the change of use of ICT-related reduction of administrative barriers - legislative changes, as well as public sector ICT management improvement) .
The proposed set of measures, which in itself does not require any additional LVL its implementation (with the exception of administrative capacity), will give the effect of a number of areas: provide significant additional tax revenue to the Latvian state, by allowing the financing of essential social what time does the post office close services what time does the post office close and other areas; the development of the ICT sector will help bring other Latvian national economy competitive in their markets; will provide an opportunity to finally redirect Latvian ICT industry to export markets. LATA offered support toolbox ICT sector ESF-funded project evaluation criteria based on the solution produktizāciju.
RAPLM centrally managed ICT ESF-funded project portfolio: 3.2.2.1.1. Sub-activity "Information systems and e-services development" = 116 405 645 LVL 3.2.2.1.2.apakšaktivitāte "Informatization of education institutions' = 12 million LVL
Revenue: 2,547,930 LVL Compulsory social security contributions (OSAI), assuming that the export realization is used 7,000 person-months (500 Ls / man-) employment and average gross wage in 1100 LVL per month. 1,555,260 LVL personal income tax payments (see. The assumptions of OSAI) 4200000 LVL Corporate what time does the post office close income tax payments, assuming that the net profitability of the export business is 40% (high profitability, given that most of the cost is covered in the initial During the creation of the national market). 686 196 LVL proposed domestic consumption caused by the VAT increase in revenues, assuming that export deliveries of personnel involved in the consumption what time does the post office close rate of 60% (60% of the net income of the employee directs domestic consumption).
Objective - to ensure the increase of competitiveness of Latvian foreign (World Economic Forum's Global Competitiveness Index 9.pīlārā Technological readiness place not less than 30 sites - currently 66.vieta).
Expected result - ICT investments have performed as a result of improving the competitiveness of businesses turnover increase of 100% from ICT investments made, including 60% of export transactions, the average profitability rate of 10%, and its implementation would create an additional 3,000 jobs with an average salary reaches 500 LVL Gross.
De minimis support within the ICT investment by firms are entitled to apply 4x depreciation rate - 140% of the volume of investments (actually giving direct corporate income tax relief of 40% of the investment costs in future periods).
Support the implementation of this instrument, the maximum potential fiscal effect is: 21 million LVL VAT (VAT taxable ICT acquisitions); 8.4 million LVL VAT (VAT taxable domestic transactions arising from ICT investment as a result); 11,912,400 LVL compulsory social security contributions; 6,955,200 LVL personal income tax amount.
It is expected that the depreciation of fixed assets as a result of an abnormal decrease in the following years, the contributions to the CIT. However, given the fact that the company's profitability in the coming years will be low and improve the earliest after 3-4 years, and the fact that the positive fiscal effect what time does the post office close of the implementation of the instrument will be realized in the first years of implementation, support implementation of the Instrument is fiscally beneficial. Assuming that the companies full CIT payments shall be reduced in 4 post implementation support instrument, what time does the post office close the positive fiscal effect shall be distributed equally in the first two years of implementation of the instrument and the average discount rate for the four-year what time does the post office close period is 5% discounted fiscal effect of instrument sales constitute 14 500 000 in USD.
Summarizing the above it is evident that the realization of the instrument makes it possible to increase the state budget revenues in the short term as well as long term provide a positive fiscal effect. Removal of regulatory barriers what time does the post office close and the promotion of competition
Although this activity is difficult to separate eliminable fiscal effect, it provides the necessary laws and regulations of the base of the optimization of the rest of the proposed activities and the need to support the activities of the other objectives. Electronic Documents Act (EDL) changes, eliminating distortions of competition in the trusted certification what time does the post office close service provider (USPS) market. Remove the requirement that states that the USPS Accreditation Data State Inspectorate (DSI) is required for reliable certification services