Non-taxable minimum will grow in 2022 in Latvia

Next year, the non-taxable minimum will gradually increase, according to amendments to the Law of Personal Income Tac adopted by the Saeima in the final reading November 16.

From January 1 to June 30 of the following year, the highest non-taxable minimum will be EUR 350 per month, and from July 1 it will be EUR 500. Currently, the highest non-taxable minimum is EUR 300 (EUR 330 for pensioners). 

79 members voted in favor of the amendment of the law, one voted against.

EUR 93.8 million is allocated for these changes in 2022. The amendments also set out the procedures by which the State Revenue Service will determine the projected monthly non-taxable minimum in 2022.

Other changes to the application of the income tax have also been identified, including a tax-exempt support program for the renovation of residential buildings and grants under the energy efficiency improvement of the building.

The amendments will enter into force on January 1 next year.

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