Latvia's Ministry of Finance has announced the approval of the draft 2022 Budget Bill, which has been scheduled for submission in the Latvian Parliament (Saeima) on 14 October. The tax measures of the budget are relatively limited and are focused on reducing the tax burden on labor, which includes an increase in the monthly personal allowance from EUR 300 to EUR 350 per month from 1 January 2022, with a further increase to EUR 500 per month from 1 July 2022. The budget also includes a reduct…