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Latvian Ministry of Finance Recommends Advance Tax on Banks as Part of 2024 Budget

|Proposed Changes|Latvia
Latvia

Latvia's Ministry of Finance has issued a release on the submission of an informative report on the development progress of the National Tax Policy Guidelines for 2024-2027, including a number of tax policy issues that have been identified for approval together with the state budget for 2024. One highlighted measure is the Ministry's recommendation for the introduction of a mandatory advance payment of corporate income tax by banks in the amount of 20% (20/80) of the previous year's profit, …

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