On 17 December 2014, the Latvian parliament adopted amendments introduced under the Budget for 2015. The following summarizes the main changes.
- The individual income tax rate will be reduced from 24% to 23% as planned under the 2014 budget
- The minimum monthly salary is increased from €320 to €360
- Several measures are introduced to increase tax revenues and reduce "shadow economy":
- Current and former board members will be held personal liable for a legal entity's overdue tax payments when the…