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Amendments to Corporate Income Tax Law enacted

|Approved Changes|Latvia
Latvia

On 7 March 2013, the parliament adopted amendments to the Corporate Income Tax Law. The amendments will enter into force on 29 March 2013.

Under the amendments, the following expenses are not treated as directly related to the business activity of the taxable person and, are, thus, not deductible for corporate income tax purposes:

-   material goods, property or other benefits, which were used for a criminal offence, i.e., inter al…

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