Proposals include introduction of two-tiered progressive individual income tax rates
The Latvian government on October 11, 2024, published draft amendments to the individual (personal) income tax law that aim to enhance the competitiveness of the workforce in the Baltic region, reduce the tax burden on low and middle-income employees, and simplify the application of individual income tax.
Proposed changes include:
Read an October 2024 report prepared by the KPMG member firm in Latvia