**No major tax changes foreseen next year; plans to raise excise duty**

The Ministry of Finance (FM) proposes to raise excise duty on tobacco and alcohol next year, as well as introduce a mandatory advance payment of corporate income tax to banks in the amount of 20% of the profit of the previous year. This is set out in a report on tax policy guidelines for the next three years, which will be presented to the government on Tuesday, September 26.

https://eng.lsm.lv/article/economy/economy/25.09.2023-no-major-tax-changes-foreseen-next-year-plans-to-raise-excise-duty.a525245/?utm_source=rss&utm_campaign=rss&utm_medium=links