The Personal Income Tax Rate in Latvia stands at 31 percent. source: State Revenue Service, Latvia

Personal Income Tax Rate in Latvia averaged 25.60 percent from 1995 until 2021, reaching an all time high of 31.40 percent in 2018 and a record low of 23 percent in 2009. This page provides - Latvia Personal Income Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Personal Income Tax Rate - values, historical data and charts - was last updated on November of 2021.

Personal Income Tax Rate in Latvia is expected to reach 31.40 percent by the end of 2021, 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 2022, according to our econometric models.

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Latvia Personal Income Tax Rate


Related Last Previous Unit Reference
Personal Income Tax Rate 31.00 31.40 percent Dec/21
Corporate Tax Rate 20.00 20.00 percent Dec/21
Sales Tax Rate 21.00 21.00 percent Dec/21
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.