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

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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