Salary calculator

This salary calculator helps you to get a net salary from gross salary and vice versa using SRS data in Latvia.


Calculation result

Net salary (take-home) 716.00 EUR
Social tax 10.5% 105.00 EUR
Personal income tax 20% 179.00 EUR
Social tax, employer's part 23.59% 235.90 EUR
Business risk fee 0.36 EUR
Total employer's expenses 1236.26 EUR

Please do not use this data for real salary calculations.

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Differentiated non-taxable minimum

In the field "non-Taxable minimum" is specified "0", because now it is not a fixed data, you have to specify this minimum in accordance with the data of the SRS or taxpayer's predicted minimum.

The maximum non-taxable minimum per year is:

  • In 2023/2024 — €6000;
  • In 2022 — €5100:
    • 01/01-30/06 — €2100,
    • 01/07-31/12 — €3000;
  • In 2020-2021 — €3600.

The non-taxable minimum is €0:

  • In 2021-2024 — if the annual taxable income is more than €21600, for example, the salary is €1801 per month.

Progressive monthly income tax rate

The rate of 20% on monthly income is up to €1667.

The rate of 23% on the part of the monthly income after €1667.

Progressive annual income tax rate

The rate of 20% on annual income up to €20004.

In 2022-2024 the rate of 23% on the part of annual income exceeding €20004 and up to €78100.

In 2021 the rate of 23% on the part of annual income exceeding €20004 and up to €62800.

In 2022-2024 the rate of 31% on the annual income exceeding €78100 when filing the annual Declaration.

In 2021 the rate of 31% on the annual income exceeding €62800 when filing the annual Declaration.

Minimum wage

The minimum wage within the normal working time is:

  • In 2024 is €700 per month;
  • In 2023 is €620 per month;
  • In 2021/2022 is €500 per month.

The minimum wage is defined in the Cabinet of Ministers Regulation No. 656.

From January 1, 2024, employees of micro-enterprises who simultaneously receive income subject to personal income tax will receive a non-taxable minimum and benefits for dependents.



Thanks to everyone who helps to improve this salary calculator!

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