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

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, …
Continue Reading