(Latvian) tax free income! - LAWIN’s Tax update for AmCham Latvia

In her recent Tax update for the American Chamber of Commerce in Latvia, LAWIN Senior associate and head of the tax practice in Latvia, Zinta Jansons, comments on the recent amendments of the law on Personal Income Tax  in Latvia.

 The law on Personal Income Tax was recently amended foreseeing that income earned abroad by Latvian tax residents will no longer be taxed in Latvia beginning from 1 January 2011. The amendments also provide for a kind of amnesty with respect to undeclared income earned abroad during the years 2008-2010 which will now be subject to a tax rate of 5%.

The full text is available here

With more than 10 years consulting on legal and tax issues in the Baltics, Zinta Jansons is a regular commentator on tax topics in Latvia.
Click here to read more LAWIN's Tax Updates  for AmCham Latvia by Zinta Jansons.