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Thursday, 21.11.2024, 14:06
Self-employed in Latvia that earn less than minimum wage to pay 10% in taxes
BC, Riga, 16.11.2020.
Print version
Print versionAs of the year 2021, self-employed people in Latvia that earn less than the minimum wage will be paying 10 percent of their income in taxes, the government coalition decided today, informs LETA,
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Prime Minister Krisjanis Karins (New Unity) told journalists following the weekly coalition meeting that the coalition partners managed to resolve the remaining issues concerning Latvia's 2021 budget. It was agreed that instead of municipal social services, the State Revenue Service will be tasked with supervising the self-employed persons' tax payments.
Raivis Dzintars, leader of the National Alliance, said that the persons whose income is below the minimum wage will be paying taxes on their actual earnings.
The coalition also decided that the self-employed will required to declare their income once in a quarter and pay 10% of their earnings in taxes.
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