BB.lv: Prospects for the Latvian financial system are unclear

“The plan, when you can name it that, is a reasonably high-quality description of the present state of affairs, however there’s nothing in it that we’ve not already talked about or didn’t know, and we write paperwork of this sort fairly recurrently,” says Martins Abolins, Economist at Citadele Financial institution. In 2011, GDP amounted to … Read more

Businesses call for raising the personal income tax threshold to 2,000 euros

According to the Central Statistical Office (CSO), in the last quarter of last year the average monthly salary before taxes was 1,610 euros. In some industries or regions it was much higher. For example, in Riga, full-time employees earned 1,706 euros last year, and the average salary in at least four industries in the country … Read more

Food has become less accessible; we went back 5-7 years ago

This also explains why food trade is declining. According to the Central Statistical Office (CSO), the average net salary in 2023 increased by 2.2%, however, taking into account the level of wages of the population and changes in prices for various groups of goods and services, as well as the increase in loan rates, we … Read more

What medical expenses can I deduct on my annual return?

The Tax Administration Service (SAT) announced that natural persons – those who obtain income from fee, salaries y wagesleasing, business and/or professional activity – can deduct their medical expenses when presenting your Annual statement. He explained that the personal deductions are expenses that taxpayers They have the right to reduce their cumulative income for the … Read more