As of 1 January 2018 Latvia is planning to introduce significant changes to its tax system.
At the moment details of the new tax regime are elaborated within the Ministry of Finance and various working groups. Although there is significant support for the new tax regime from the government and various industries, it is too early to predict whether the new tax regime will indeed be introduced and how the new regime will finally look. At the same time, considering the speed with which the work is carried out, the tax payers and investors should keep an eye on developments.
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