Salary calculator in Latvia for 2018
This salary calculator helps you to get a net salary from gross salary and vice versa.
This is an old calculator, for actual calculations click here
|Social tax||11%||97.46 EUR|
|Personal income tax||20%||157.71 EUR|
|Social tax, employer's part||24.09%||213.44 EUR|
|Business risk fee||0.36 EUR|
|Total employer's expenses||1099.80 EUR|
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.
The maximum non-taxable minimum is 2400 EUR per year.
The non-taxable minimum is 0 EUR if the annual taxable income is more than 12 000 EUR, for example, the salary is 1001 EUR per month.
Progressive monthly income tax rate
The rate of 20% on monthly income is up to 1667 EUR.
The rate of 23% on the part of the monthly income after 1667 EUR.
Progressive annual income tax rate
The rate of 20% on annual income up to 20 004 EUR.
The rate of 23% on the part of annual income exceeding 20 004 EUR and up to 55 000 EUR.
The rate of 31.4% on the annual income exceeding 55 000 EUR when filing the annual Declaration.
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