The Saeima has adopted and the President promulgated the following laws: the amendments to law "on personal income tax" make law "on personal income tax" (the Republic of Latvia Supreme Council and Government Informant, 1993, 22/23.nr.; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1994, nr. 2, 23; in 1995, 8., no. 14; 1996, no. 9; 1997, nr. 3, 21; in 1998, no 1; 1999, nr. 24; 2000, no. 5; 2001, no. 1, 24; in 2002, no 6; 2003, no. 15; 2004, no. 2; in 2005, 2. No.) the following amendments: 1. Turn off the article 11, paragraph 14 of the third paragraph, the words "the security and reconstruction of the forest".
2. transitional provisions be supplemented with 21, 22 and 23 of the following paragraph: "21. Natural persons income that the 2005 and 2006 taxation year of growing forest timber sales or from sales, is not subject to personal income tax.
22. Article 17 of this law the tenth part of paragraph 7, the twelfth and 12.2 part for growing forest and timber sales income as well as 10.2 part in 2005 and 2006 is not applicable. A taxable person who in 2005, paying out a growing forest or timber sales income from the tax was withheld pursuant to this law, as of 2005, the amount of tax the conversion summary, submits the annual income declaration.
23. The Cabinet of Ministers assesses this Act transitional provisions provided for in paragraph 21 of the rules impacts on local government revenues in 2005 and, if necessary, prepare the amendments to the law "on State budget for 2005," to cover the municipal revenue decrease. "
The Parliament adopted the law on 10 March 2005.
State v. President Vaira Vīķe-Freiberga in Riga, 23 March 2005, an editorial added: the law shall enter into force on 6 April 2005.