After extending the reduced tax rate for small business, that Latvian parliament on 23 April 2015 adopted measures to increase the rate over a transitional period.
Currently, a reduced tax rate of 9% applies for businesses with no more than 5 employees and annual revenue of up to EUR 100,000. Under the new measures the rate will be transitioned in one of two ways depending on whether or not new amendments to the National Social Insurance Law providing additional social insurance for employee…