Saeima supports increasing micro-enterprise tax rate to 15%; revokes social contributions from minimum salary (21.12.2016.)
On Tuesday, 20 December, the Saeima adopted in the final reading the fast-track amendments to the Micro-enterprise Tax Law and the Law on State Social Insurance, according to which as of 1 January 2017 the micro-enterprise tax rate is set at 15% of turnover and the introduction of the proposed minimum social insurance contributions is called off.