Introduction
Characterization of the Latvian Republic Tax System
Direct Incomes
Indirect Taxes
Conclusions
6 years have passed by since Latvia has become a member state of the European Union. Latvian taxation legislation has changed a lot, adjusting its laws according to the EU demands and directions, beginning with the entrance and till the last time. Several transition periods were defined to enforce some particular taxes and rates. All the requirements were fulfilled by May 2010.
Due to this fact, the aim of this work to review the existing Latvian Republic Tax System and its place in the Tax System of the European Union, as well as to review the most common and important tax types for the budget of Latvia and EU.
