|
Some forms of income in Latvia are tax-exempt as follows:
- Proceeds from the sale of a residential apartment that has been held for at least 12 months.
- A dividend paid by a Latvian company (other than if the recipient is not a Latvian resident).
- Profit on the sale of securities, even when they have been held for less than 12 months.
- Interest received by an individual on deposits with a local commercial bank.
- Receipts from a private pension fund.
- Prizes from lotteries and games of chance to the maximum defined in law.
- Income from government and municipal bonds.
- Travel expenses to the place of work, subject to the conditions specified.
- Receipts from religious institutions on condition that they do not exceed the minimum taxable income.
|
