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Latvia Introduces Reduced Income Tax Rate for Foreigners Working Remotely in the Country

|Approved Changes|Latvia
Latvia

Latvia has published the Law of 15 June 2023 on Amendments to the Law on Personal Income Tax. One of the main amendments is the introduction of a reduced income tax rate of 15% for foreigners that have received a long-term visa and work remotely in Latvia. The 15% rate applies to income earned in connection with performing remote work for an employer registered in another OECD member country,…

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