Latvia

Currency
Euro (EUR)
Payroll Frequency
Bi-monthly or monthly
Employer Taxes
20.77% to 23.59%

About 

Latvia

Latvia is one of the Baltic states and is bordered by Russia, Lithuania, Estonia, and Belarus. It became independent from the Soviet Union in 1991 and joined the European Union in 2004.

Overview

Population
1,907,675
Language
Latvian
Capital
Riga
Currency
Euro (EUR)
Country code
+371
Min wage
500 EUR
Working hours
8 hours per day
Weekdays
Monday to Friday
Work hours per week
40 hours per week

Payroll

Cycle

Bi-monthly or monthly

Avg employer tax

20.77% to 23.59%

Taxation

Tax breakdown - Employer
  • National social insurance and solidarity tax: 23.59%
  • National social insurance and solidarity tax (if employee eligible for retirement): 20.77%
VAT

21%

Holidays / PTO

Public holidays in 2024
  • 1 Jan: New Year's Day
  • 15 Apr: Good Friday
  • 18 Apr: Easter Monday
  • 1 May: Labor Day
  • 4 May: Independence Restoration Day
  • 23 Jun: Midsummer's Eve
  • 24 Jun: St John's Day
  • 18 Nov: Independence Day
  • 24 Dec: Christmas Eve
  • 25 Dec: Christmas Day
  • 26 Dec: 2nd Day of Christmas
  • 31 Dec: New Year's Eve
Sick days

Sick pay for the first three days is paid by the employer at a rate of 75% of the usual salary, provided that the employee has been employed for at least one month. From day four to ten, the rate increases to 80%. Beyond day ten, the government assumes responsibility for paying eligible employees, up to a total of 52 weeks.

Maternity leave

Mothers are entitled to leave totaling 56 days pre-birth and 56 days post-birth, with 80% of their salary paid by the Latvian government. An additional 14 days can be granted in the event of certain circumstances, such as complications in the pregnancy or giving birth to two or more children.

Paternity leave

Paternity leave is set at 14 days, which must be taken within two months of the child’s birth.

Termination

Termination Process

Contracts can be terminated for business or personal reasons or on account of misconduct on the part of the employee. All such terminations require notice periods and written explanations for the reason. In the case of misconduct, employees need to be warned and given the opportunity to explain their actions.

Notice Period

Notice periods must be at least one month.

Severance Pay

Severance pay in Latvia is legally determined according to the length of service:

  • Up to 5 years of service: one month of pay
  • Between 5 and 10 years of service: two months of pay
  • Between 10 and 20 years of service: three months of pay
  • Over 20 years of service: four months of pay


Probation Period

According to law, probation periods in Latvia must last 30 days.

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Tax Calculation

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LV
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Employer cost
Total monthly cost of employment
GBP 9,633
Gross monthly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net monthly salary
GBP 5,137
Gross monthly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
Employer cost
Total yearly cost of employment
GBP 9,633
Gross yearly salary costs
GBP 8,334
Estimated taxes and contributions
GBP 8,334
Employee cost
Net yearly salary
GBP 5,137
Gross yearly salary
GBP 8,334
Estimated taxes & social security
GBP 8,334
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Latvia

العملة
Euro (EUR)
تردد الرواتب
Bi-monthly or monthly
ضرائب أصحاب العمل
20.77% to 23.59%

عن 

Latvia

Latvia is one of the Baltic states and is bordered by Russia, Lithuania, Estonia, and Belarus. It became independent from the Soviet Union in 1991 and joined the European Union in 2004.

ملخص

التركيبة السكانية
1,907,675
اللغة
Latvian
العاصمة
Riga
العملة
Euro (EUR)
رمز الاتصال الدولي
+371
الحد الأدنى للأجور
500 EUR
ساعات العمل
8 hours per day
أيام الأسبوع
Monday to Friday
ساعات العمل اسبوعيا
40 hours per week

الرواتب

موعد صرف الرواتب

Bi-monthly or monthly

متوسط ​​ضريبة صاحب العمل

20.77% to 23.59%

تحصيل الضرائب

التوزيع الضريبي - صاحب العمل
  • National social insurance and solidarity tax: 23.59%
  • National social insurance and solidarity tax (if employee eligible for retirement): 20.77%
ضريبة القيمة المضافة

21%

العطل / PTO

العطلات الرسمية في عام 2024
  • 1 Jan: New Year's Day
  • 15 Apr: Good Friday
  • 18 Apr: Easter Monday
  • 1 May: Labor Day
  • 4 May: Independence Restoration Day
  • 23 Jun: Midsummer's Eve
  • 24 Jun: St John's Day
  • 18 Nov: Independence Day
  • 24 Dec: Christmas Eve
  • 25 Dec: Christmas Day
  • 26 Dec: 2nd Day of Christmas
  • 31 Dec: New Year's Eve
الإجازات المرضية

Sick pay for the first three days is paid by the employer at a rate of 75% of the usual salary, provided that the employee has been employed for at least one month. From day four to ten, the rate increases to 80%. Beyond day ten, the government assumes responsibility for paying eligible employees, up to a total of 52 weeks.

إجازة الأمومة

Mothers are entitled to leave totaling 56 days pre-birth and 56 days post-birth, with 80% of their salary paid by the Latvian government. An additional 14 days can be granted in the event of certain circumstances, such as complications in the pregnancy or giving birth to two or more children.

إجازة الأبوة

Paternity leave is set at 14 days, which must be taken within two months of the child’s birth.

إنهاء العقد

عملية الإنهاء

Contracts can be terminated for business or personal reasons or on account of misconduct on the part of the employee. All such terminations require notice periods and written explanations for the reason. In the case of misconduct, employees need to be warned and given the opportunity to explain their actions.

فترة الإشعار

Notice periods must be at least one month.

مكافأة نهاية الخدمة

Severance pay in Latvia is legally determined according to the length of service:

  • Up to 5 years of service: one month of pay
  • Between 5 and 10 years of service: two months of pay
  • Between 10 and 20 years of service: three months of pay
  • Over 20 years of service: four months of pay


فترة الاختبار

According to law, probation periods in Latvia must last 30 days.

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حساب الضريبة

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تكلفة صاحب العمل
إجمالي تكلفة التوظيف الشهرية
GBP 9,633
إجمالي تكاليف الراتب الشهري
GBP 8,334
الضرائب والمساهمات المقدرة
GBP 8,334
تكلفة الموظف
صافي الراتب الشهري
GBP 5,137
الراتب الشهري الإجمالي
GBP 8,334
الضرائب المقدرة والضمان الاجتماعي
GBP 8,334
Employer cost
إجمالي تكلفة التوظيف السنوية
GBP 9,633
إجمالي تكاليف الرواتب السنوية
GBP 8,334
الضرائب والمساهمات المقدرة
GBP 8,334
Employee cost
صافي الراتب السنوي
GBP 5,137
الراتب السنوي الإجمالي
GBP 8,334
الضرائب المقدرة والضمان الاجتماعي
GBP 8,334
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