Land in the System of Real Estate Objects and Features of Tax Application in Latvia

Since the economic recession in Latvia, the national debt in September 2010, amounted to LVL 4.717 billion. The study confirms significant impact of downward trends of the economy of Latvia on the national budget performance indicators in 2009. One of the most commonly mentioned and controversial indicator is the real estate tax that has to be imposed also on the land. The aim of this study is to analyze and assess the system of the Land Fund of Latvia and features of tax application. To achieve the determined goal three key objectives – clarifying the concept of the land, types of property rights and ownership status and assessment and evaluation of allocation of national land-use according to targeted groups and the types of land use as well as gathering information on taxes imposed on land and assessing property tax revenue from the land to provide the development assessment of the land fund system in Latvia will be addressed in this research. As a result, recommendations for the improvement of the system of factors influencing the Land Fund of Latvia were developed. The key recommendation is to develop a new monitoring and control system for the complete inspection of real estate objects classifying them according to the regions as well as the creation of integrated database based on administrable taxes according to the categories of real estate. The results of the study can be applied for identification of the impact of fiscal policy to the assessment of the development trends of real estate tax in Latvia

Land in the System of Real Estate Objects and Features of Tax Application in Latvia

Since the economic recession in Latvia, the national debt in September 2010 amounted to LVL 4.717 billion. The study confirms significant impact of downward trends of the economy of Latvia on the national budget performance indicators in 2009. One of the most commonly mentioned and controversial indicator is the real estate tax that has to be imposed also on the land. The aim of this study is to analyse and assess the system of the Land Fund of Latvia and features of tax application. The following three key objectives will be addressed in this research to achieve the determined aim: clarifying the concept of the land, types of property rights and ownership status; assessment and evaluation of allocation of national land-use according to targeted groups and the types of land use; and gathering information on taxes imposed on land and assessing property tax revenues from the land to provide the development assessment of the land fund system in Latvia

Strategic Development Directions in Road Construction

Total road density in Latvia is sufficient but its technical condition is unsatisfactory and does not meet the safe and continuous traffic flow requirements. Currently, the road condition in Latvia is disastrous compared to its neighboring or the old EU countries. Almost half of the roads with asphalt surface and one third of the gravel road surface are on the brink of the collapse. Currently, the road construction industry is one of the most destroyed sectors in Latvia. Consequently, the increased attention from the public, politicians, and other state controlling authorities is paid to this industry sector. The authors of this study consider that it is important to explore the history of the development of road construction industry, to analyze strengths, weaknesses, opportunities and threats of the road construction and, in accordance with the findings, to determine the development perspectives of the road construction industry

Анализ налогооблажения недвижимости в Латвии

Изменения в налоговой политике в Латвии были уже в 2009 году, однако, более существенное увеличение налоговых ставок и увеличение налоговой базы были введены в 2010 году, когда был увеличен подоходный налог , а также были увеличены базовая ставка индивидуального подоходного налога взносов в фонд социального страхования и налог на недвижимость, а налог на прирост капитала был введен. Надо признать, что это было сделано в обременительным и не подходящий момент для налогоплательщиков. Следовательно, страна по-прежнему уверены в налоговой политике развития в будущем. Экономического, политического и социального развития каждой страны определяется и пострадавших от ее право собственности на недвижимое имущество ресурсы -земля, природные ресурсы, здания, сооружения и т.д. Недвижимость является одним из важнейших экономических ресурсов и одним из важнейших компонентов национального богатства, которое составляет 50% от всего мирового богатства. Налог на недвижимость является очень важной составляющей в экономике каждой страны

Nekustamā īpašuma grupēšanas struktūras teorētiskie aspekti un nekustamā īpašuma nodokļa izmaiņu īpatnības Latvijā

Raksta mērķis ir analizēt un izvērtēt nekustamā īpašuma nodokļa izmaiņu īpatnības, sākot ar 2007.gadu. Autore pētījumā raksturo nekustamā īpašuma nodokļa sistēmu Latvijā, vienlaicīgi uzsvaru liekot uz tā neprognozējamību, t.i., katru gadu jaunas izmaiņas valsts likumdošanā, no kā var secināt - aizvien jaunie nodokļa piemērošanas nosacījumi, kas sevī ietver likmi un apliekamos objektus, būtiski ietekmēs gan nekustamā īpašuma tirgus attīstību, gan arī sekundāri tautsaimniecību kopumā

Peculiarities of the Property Tax Administration in Latvia

Property tax is one of the most important tools of each state economics. Immovable property tax is imposed upon land, buildings and building spaces utilized for economic activity, except conditions stipulated by the law, as well as starting with 2010 the tax was imposed upon dwelling houses and engineering structures

Set of Fiscal Algorithms for Land-Use Management and Decision-Making in the Territory of a Municipality

Using current and available information on the land-use outcomes in the municipality, it is possible to independently analyze development tendencies in the territory and promote planned territory development. Tax revenues can with good reason be considered an important fiscal instrument in territory development planning. Application of this instrument in land-use management decision-making may prevent the so-called urban sprawl and reduce the risk of value decrease of inefficiently used infrastructure and environmental resources. The present research focuses on the application of the developed set of fiscal algorithms in land-use management and decisionmaking at a municipal level. The set of fiscal algorithms has been developed using the methodological framework for land-use efficiency assessment and the cost-benefit analysis method. The main research results have been substantiated having conducted the analysis of performance of municipalities, including the analysis of experience of the City of Riga in real estate data management. The application of the developed set of fiscal algorithms and the introduction of the specific municipal software module allow analyzing the impact of the changes in land-use objectives and their basic values on cadastral value of real estate objects, the amount of real estate tax and municipal budget revenues

Logistics Significance of Wood Product Manufacturing on Competitiveness Based Management

Topicality is associated with the important contribution of wood products manufacturing in Latvian economy. Important role in development of wood products manufacturing has improvement of wood products manufacturing that includes acceptance of strategic management decisions and solutions for wwod resource flow optimization throughout wood products added value chain, as well as an interference with related industries

Green Building Assessment System Development in Latvia

Sustainable building has become very popular throughout the world. To realize sustainable development in the construction industry, green building assessment system, which is designed to promote environmental awareness amongst built environment professionals, have been perceived as effective tools. A good assessment tool should be judged according to its potential application. The application of green building assessment tools have been widely accepted as useful way to promote sustainable construction

Анализ факторов, влияющих на развитие рынка недвижимого имущества в Латвии

До сегодняшнего времени не проводилось ни одного серьезного научного изучения факторов, влияющих на развитие рынка недвижимого имущества в Латвии. Авторы провели комплексное исследование мнения физических и юридических лиц, используя анкетирование. Цель этого исследования состоит в том, чтобы идентифицировать существенные социально-экономические факторы, влияющие на развитие рынка недвижимого имущества в Латвии. В статье отображены основные результаты исследования опроса физических лиц