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Wednesday 29.03.2017 | Name days: Agija, Aldonis
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Solidarity tax in Latvia may be adopted for only one year

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUThe so-called Solidarity Tax that is planned to be applied to wages above four thousand euros may be adopted in Latvia for only one year, as lsm.lv cites the words of Chairman of Saeima Budget-Finance Committee Karlis Sadurskis.

Although entrepreneurs had previously voiced protests against this tax and had promised to turn to the Constitutional Court of Latvia to oppose its adoption, Sadurskis mentioned in his interview to Rīta Panorāma programme that it is intended purely to demonstrate legitimate goals in the legislative process. At the same time, he said this tax could be a temporary measure, and that it is possible it will only remain for one year.

«Because it is clear now that we are making our way towards salary tax progressiveness, it would be hard to oppose it in the Constitutional Court. The majority of EU member states have progressive personal income tax. Latvia will soon have it as well, but it is impossible to adopt it right here and now,» – said Sadurskis.

He added that there are plans to increase taxes on dividends and reduce taxes for re-invested revenue in 2017.

As it is known, on 22 September, the Latvian government supported the Solidarity Tax Law, which provides for an equal state social insurance fee rate, which is currently 34.09%. The difference is that this money will not be added to the state insurance budget, but rather the state base budget. The Solidarity Tax will only apply to residents whose annual income is EUR 48,600. According to information from Finance Ministry, there are 5,000 people in Latvia who will have to pay the Solidarity Tax.

Ref: 102.109.109.2342


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  1. Charles Vane says:

    Less taxes is better for society

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