Under the transitional provisions of the Act, the applicable PIT rate shall be as follows:

  • 24% - in the tax year 2013;
  • 22% - in the tax year 2014;
  • As of 1 January 2015, income will be subject to 20% personal income tax rate.

As of 1 July 2013, the tax deduction for a dependant will be increased from 70 lats to 80 lats a month.