Tax rates

Minimums
Minimum salary 430 EUR
Minimum hourly rate According calculation Ministry of Welfare
Minimum hourly rate for teenagers According calculation Ministry of Welfare
Monthly maximum taxfree minimum 200 EUR
(calculated individually by the State Revenue Service)
Tax relief
Tax relief for dependants 200 EUR
Tax relief for group I, II disabled, monthly 154 EUR
Extra relief for group III disabled, monthly 120 EUR
Non-taxable income from agriculture and country tourism 3000 EUR
Non-taxable benefit for a near relation's funeral 250 EUR
Taxes
Personal income tax 20%/ 23%/ 31.40 %
Income tax for self-employed 20%
Mandatory State Social Security Contribution rate for employees insured against all risks 35.09% (24.09%/ 11%)
Mandatory State Social Security Contribution rate for pensioneers 30.87% (21.31%/ 9.56%)
Mandatory State Social Security Contribution rate for the disabled and long service pensioneers 32.64% (22.52%/ 10.12%)
Capital gains tax for interest and sale of property 20%
Value added tax 0%/ 5%/ 12%/ 21%
Corporate income tax for distributed profit 20%
Micro-enterprise tax 15% of monthly turnover

Office address:

7 Kalku Str., 5. floor, Riga, LV-1050
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