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Wednesday 17.01.2018 | Name days: Tenis, Dravis
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2016 to bring changes to taxes, road traffic and healthcare in Latvia

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe next year will bring about changes to a number of regulations in Latvia, including significant changes to taxes, road traffic rules and healthcare. In addition, Latvian government plans to introduce the so-called solidarity tax, increase minimum wages by EUR 10, increase dependants benefits to EUR 175, increase wages to personnel of institutions under Interior Ministry and establish 100% compensation of medication for C-hepatitis patients.

In addition to that, 2016 will see the coming into force of new road traffic rules, which will focus on less-protected road traffic participants.

Solidarity tax will be applied to income of private persons that exceeds the annual size of social insurance fee. Residents can also expect changes to the Private Income Tax due to the introduction of a differentiated tax-free allowance.

Stricter rules will be introduced for fast loans. These are meant to limit the time at which it is allowed to provide such services and make sure any fees associated with loans do not exceed 100% of the base amount of the issued loan.

Multiple other laws will come into force in 2016, including the Statistics Law, Voluntary Work Law, Law on Prohibition of Unfair Retain Trade Practices, Water Services Law and others.

Ref: 103.109.109.3636


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