Accounting, Payroll, Tax & Legal since 1989

Changes in personal income tax rate

Under the transitional provisions of the Act, the applicable PIT rate shall be as follows:

  • 24% - in the tax year 2013;
  • 22% - in the tax year 2014;
  • As of 1 January 2015, income will be subject to 20% personal income tax rate.

As of 1 July 2013, the tax deduction for a dependant will be increased from 70 lats to 80 lats a month.


28.01.13


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