Latvia -Personal tax income updated -October 03, 2013

The government has approved amendments to the Law on Personal Income Tax, which stipulate reducing the personal income tax rate to 22% in 2016. The personal income tax rate will be reduced to 24% in 2014, 23% in 2015, and 22% in 2016. However, the Finance minister stated that a progressive personal income tax is a matter for the more distant future. The ministry updated the information on the Internet.



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