Taxes on individuals in Latvia 2014 (overview)

Please find the presentation about taxes on individuals in Latvia, 2014.

This presentation provides an overview of Latvian Personal Income tax and other indirect taxes what residents and nonresidents need to know.

 The general principle followed within taxation of private individuals is that Latvian tax residents are taxed on their worldwide income, but Latvian non-residents for tax purposes are taxed on their Latvian sourced income, i.e. income attributable to Latvia. The taxable object of Latvian tax resident shall be all types of income, unless they are specifically defined as non-taxable. A brief summary of exempt items is specified in presentation. Please note that there had been changes in the legislation regarding loans to natural persons and that brings tax consequences.

 To view the presentation, click HERE