Latvia’s maximum amount of annual employment income upon which social taxes generally may be assessed is to be 62,800 euros (U.S. $71,001.68) from 2019 to 2021, up from 55,000 euros (U.S. $62,243.50) for 2018, under a law that was finalized Nov. 14 when it was published in the country’s official legal gazette.
The solidarity tax, which is separate from other social taxes, is to continue to be in effect for income in excess of the maximum amount of income subject to the other social taxes. The solidarity tax is assessed at the same rate as the total rate of the ...
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