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Who is liable to pay Latvian Income Tax?

Residents of Latvia are assessable on their worldwide income while non-residents are only assessable on income derived directly or indirectly from sources in Latvia.

Who is a Tax Resident of Latvia?

An individual is regarded a Latvian resident if his/her declared place of residence is in Latvia or he/she resides in Latvia for 183 days or more in any 12-month period. Latvian citizens employed abroad by the government of the Republic of Latvia are also considered to be residents of the country.

What is the tax year end?

31st December

When are tax returns due?

Annual income return has to be filed between 1 March and 1 June of the following taxation year.

Is there a personal tax allowance?

Taxes are charged on net income after relevant deductions with no allowances.

What are the tax rates?

Latvia has a flat Personal income tax rate of 23 percent.

What are the social security rates?

individual working in Latvia are required to contribute about 10.50% of their income towards Social security.

Can I be self-employed, or must I become an employee to work in Latvia?

You can be self-employed in Latvia. Contact us for more details.