The Latvian Parliament (Saeima) has issued a release announcing the passage on 2 December 2020 of the Law on the State Budget for 2021 and the Law on the Medium-Term Budget Framework for 2021, 2022, and 2023. According to the release, tax-related measures are relatively limited and include:

• A reduction in the rate of mandatory state social insurance contributions from 35.09% to 34.09%, includ…