OrbitaxBudget for 2014 – individual taxation
|Approved Changes|Latvia
On 6 November 2013, the parliament adopted amendments to the Individual 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.
RatesIn 2014, the individual income tax rate will be kept at 24%. The amendments introduce a gradual reduction of the tax rate …
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