The personal income tax rate will be raised from 23 percent to 26 percent. Also, a progressive real estate property tax will be introduced, and the annual duty for motor vehicles increased. For companies making profit exceeding LVL 5 million, a 25 percent tax will be set, revoking the current 15 percent, informed LETA.

Capital gains will look at a 15 percent tax rate. In mid-2010, there will be a new tax for natural gas used for heating purposes.

Martins Dukurs places third in this season's second Skeleton World Cup stage EU President will visit Latvia

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