Latvia Tax Agency Issues Updated Information Material on Income Tax for Specified Student Seafarer Interns

The Latvian State Revenue Service Feb. 6 issued updated information material on individual income tax for student seafarer interns of specified institutions. Topics covered include: 1) the obligation to pay taxes on income received during internships aboard a ship used in international transport; 2) the filing periods from March 1 to June 1 of the following year for income up to 105,300 euros (US$124,465), and from April 1 to July 1 of the following year for income exceeding that amount; 3) tax rates of 25.5 percent on income up to 105,300 euros, 33 percent on the portion of income exceeding ...