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Budget for 2014 – corporate taxation

|Approved Changes|Latvia
Latvia

On 6 November 2013, the parliament adopted amendments to the Corporate Income Tax Law (the Law). The amendments will generally enter into force on 1 January 2014, subject to transitional provisions. The following amendments were, inter alia, made to the Law.

Interest deduction

The amount of interest (including discounts) that may be deducted from the taxable income will be limited to th…

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