Income tax in Latvia (2026)
In 2026, income tax in Latvia runs from 25.5% to 40.6%. On a €60,000 salary you take home €41,690 a year, €3,474 a month.
Income tax rates
- Top rate
- 40.6%
- Lowest rate
- 25.5%
- Tax-free allowance
- None
- VAT
- 21%
- Capital gains
- 25.5%
The 2026 bands, in Euro
| Taxable income (after allowance) | Rate |
|---|---|
| €0 to €105,300 | 25.5% |
| over €105,300 | 33% |
These are the national bands. The top rate of 40.6% also counts surcharges and regional or local income taxes.
Take-home pay by salary
€20,000: €15,018 take-home (24.9% total tax)€25,000: €18,352 take-home (26.6% total tax)€30,000: €21,686 take-home (27.7% total tax)€35,000: €25,020 take-home (28.5% total tax)€40,000: €28,354 take-home (29.1% total tax)€45,000: €31,688 take-home (29.6% total tax)€50,000: €35,022 take-home (30% total tax)€60,000: €41,690 take-home (30.5% total tax)€70,000: €48,357 take-home (30.9% total tax)€80,000: €55,025 take-home (31.2% total tax)€90,000: €61,693 take-home (31.5% total tax)€100,000: €68,360 take-home (31.6% total tax)€120,000: €81,696 take-home (31.9% total tax)€150,000: €101,699 take-home (32.2% total tax)€200,000: €135,038 take-home (32.5% total tax)€250,000: €166,877 take-home (33.2% total tax)
Compare with other countries
Cost of living in Latvia
Frequently asked questions
What are the income tax rates in Latvia?
Income tax in Latvia runs from 25.5% to 40.6%, in 2 bands.
Is there a tax-free allowance in Latvia?
No — Latvia has no general tax-free allowance.
What is the take-home pay on €60,000 in Latvia?
On €60,000 in Latvia you take home €41,690 a year — €3,474 a month.
2026 rules checked against taxsummaries.pwc.com. Single person, employee, no other income. Not tax advice. Change the details