OK... I’m emigrating to Latvia.
An individual's salary income is taxable, as at 2008, at the rate of 25%.
The tax rate for business income is 15%.
An individual whose income is from a foreign shipping company pays tax in the amount of 2 minimum wages.
Exemptions are granted to taxpayers with specific types of income.
The standard rate of tax for a corporation in 2009 is 15%.