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The Saeima on Monday endorsed in principle and gave urgency status to draft amendments to the Personal Income Tax Law, which will raise non-taxable minimum income for working and retired people to EUR 500 in 2022.


The draft amendments are part of the legislative package related to Latvia's 2022 budget bill. Under the existing law, pensioners' nontaxable minimum income is EUR 3,960 a year or EUR 330 a month. Under the new amendments, pensioners' nontaxable minimum income will be gradually increased to EUR 350 a month by June 30, 2022 and to EUR 500 a month by December 31, 2022. As of 2023, pensioners' non-taxable minimum income will be EUR 6,000 a year, or EUR 500 a month. The bill also provides for a phased increase of the differentiated minimum income. In 2022, the differentiated minimum income will be gradually raised to EUR 350 a month by June 1, 2022 and to EUR 500 a month by December 31, 2022. As of 2023, the differentiated minimum income will be EUR 6,000 a year, or EUR 500 a month.