According to 47.1% of Latvian companies, the non-taxable minimum should be 700 euros

In Latvia, 47.1% of businesses believe that the tax-free minimum should be the minimum wage, which is currently 700 euros, according to a survey conducted by Jumis pro, the developer of the Jumis business management system.

According to Jumis pro, the survey was conducted because high inflation in recent years has left businesses under pressure from workers to raise wages to cover rising costs of utilities, food and loans.

At the same time, 29.3% of respondents indicated the abandonment of the differentiated non-taxable minimum as a solution to the problem of rising costs for employers, and 19.5% believe that it would be necessary to raise the non-taxable minimum to the level of the average wage, since this would significantly increase the purchasing power of the population, which would consequently promote consumption and economic growth.

The survey, conducted at the end of March, involved 420 representatives of Latvian companies.