The Personal Income Tax Rate in Latvia stands at 31.40 percent. Personal Income Tax Rate in Latvia averaged 24.89 percent from 1995 until 2018, reaching an all time high of 31.40 percent in 2018 and a record low of 23 percent in 2009.

Personal Income Tax Rate in Latvia is expected to be 31.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Personal Income Tax Rate is projected to trend around 31.40 percent in 2020, according to our econometric models.

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Latvia Personal Income Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
31.40 23.00 31.40 23.00 1995 - 2018 percent Yearly


Latvia Personal Income Tax Rate
In Latvia, the Personal Income Tax Rate is a tax collected from individuals and is imposed on different sources of income like labour, pensions, interest and dividends. The benchmark we use refers to the Top Marginal Tax Rate for individuals. Revenues from the Personal Income Tax Rate are an important source of income for the government of Latvia.

Latvia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 15.00 29.00 15.00 percent [+]
Personal Income Tax Rate 31.40 23.00 31.40 23.00 percent [+]
Sales Tax Rate 21.00 21.00 22.00 18.00 percent [+]
Social Security Rate 35.09 35.09 35.09 33.09 percent [+]
Social Security Rate For Companies 24.09 24.09 24.09 23.59 percent [+]
Social Security Rate For Employees 11.00 11.00 11.00 9.00 percent [+]