🇱🇻 Latvia tax

• On: Worldwide income of residents
• Limit: €105k/yr ≈ $118k

Residents are taxed on worldwide income: 25.5% on annual income below EUR105,300 (≈ $118,000) and 33% above, plus an additional 3% on annual income over EUR200,000 (≈ $223,000); non-taxable minimum EUR550 (≈ $610) a month in 2026. ^{1 2 3 4}

Taxed on

Worldwide income of residents, including foreign-source income declared in annex D2 of the annual return; capital income and capital gains are taxed at 25.5%.

Who it applies to

• Latvian tax residents: persons with a declared place of residence in Latvia or who stay in Latvia 183 days or more in any 12-month period starting or ending in the tax year.

Limits

• EUR 105,300 a year (≈ $118,000) · 33% rate above this annual income.
• EUR 200,000 a year (≈ $223,000) · Additional 3% on income above this amount.
• EUR 550 a month (≈ $610) · Non-taxable minimum for 2026 (EUR 6,600 (≈ $7,370) per year).

Days in the country

• At least 183 days in any 12-month period starting or ending in the tax year · A person staying in Latvia 183 days or more is a tax resident; a declared place of residence in Latvia also makes the person resident.

Tax residence

Residency is also decided by the permanent place of residence; a person who leaves Latvia is not treated as resident for the part of the year after leaving if closer ties to a foreign country exist (family, property or social insurance abroad).

Visas

Independent of permit.

Other taxes

Mandatory state social insurance contributions total 34.09% (employer 23.59%, employee 10.5%) on salary up to EUR105,300 (≈ $118,000) a year.

Checked against official sources on 11 Oct 2026Change log