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Latvia Increases Top Personal Income Tax Bracket Threshold for 2019 Based on Social Security Contribution Cap

|Approved Changes|Latvia
Latvia

On 19 December 2018, Latvia published in the Official Gazette the Law of 13 December 2018 on Amendments to the Law on Personal Income Tax, which includes a change in the threshold for the top personal income tax bracket so that the threshold is based on the maximum basis cap for social security contribution purposes instead of a specified amount (was specified as EUR 55,000). In this respect, …

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