On 14 August 2008, the Ministry of Finance presented certain amendments to tax laws. These proposals introduce several new tax incentives. Some of the amendments will align the existing Latvian rules with EC law. In order to become effective, the amendments must be approved by the Cabinet of Ministers and adopted by the parliament. Most of the amendments are intended to come into effect in 2009. The main features of the amendments are summarized below.
Further details will be rep…