In the context of upcoming tax changes, Latvian ministries propose to change differentiated non-taxable minimum income and personal income tax rates, according to the proposal on tax policy guidelines for 2021-2025, as well as other major changes in national taxation.
At the same time, the minimum monthly wage will be increased from the current EUR 430 to EUR 500 starting from 2021.
This is a proposal prepared by ministries, and it might change during negotiations with social partners.
The government's action plan includes a...
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