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Salary calculator

Pension
Disability

Net salary (after tax)

  • Net salary, EUR
  • Social tax
    10.5%
  • Social tax, employer's part
  • Social tax, employer's part
    23.59%
  • Business risk fee
    0.36€
  • Total employer's expenses
Info

Information on the status of the payroll tax booklet, as well as applicable tax reliefs, including the individually calculated monthly non-taxable minimum determined by the State Revenue Service, can be found within the Electronic Declaration System (EDS) under the section “Home” -> “Payroll Tax Booklet”.

Please note that if the payroll tax booklet has been submitted to the employer, the employer applies the tax reliefs listed in the payroll tax booklet when calculating wages, thereby reducing the amount subject to personal income tax (PIT).

Self-employed salary calculator

Self-employed data
  • Calculated social tax
  • Calculated social tax for pension insurance
  • Calculated personal income tax
  • Total calculated tax payments
  • After tax
Results / data as per one calendar month

Which tax payment regime to choose?

Viens no priekšnosacījumiem veiksmīgai saimnieciskajai darbībai ir izvēlēties piemērotāko un izdevīgāko nodokļu maksāšanas režīmu. Tikpat svarīgi arī jau pieredzējušiem saimnieciskās darbības veicējiem sekot līdzi izmaiņām nodokļu likumos un izvērtēt, vai esošais nodokļu maksāšanas režīms ir izdevīgs joprojām.
Planned monthly income (EUR)
Forecasted expenses in relation to income
Are you planning to have VAT taxable transactions?*
Are you planning to receive royalties for creating or performing works protected by copyright?

Most suitable tax regime

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If you plan to start economic activity or change your current tax regime, we invite you to review the key information about each regime!

Microenterprise tax (MET)
  • Tax rate: 25% of turnover
  • Expenses write-off: Not allowed
  • Not available for: VAT payers
  • Note: From January 1, 2024, it is allowed to apply the non-taxable minimum and dependent benefits even if there is also income from employment (previously it was not allowed)
Personal income tax (PIT)
  • Taxable amount: Profit (income) minus expenses
  • Tax Rate: From 25.5% to 33% (depending on annual income)
  • Social contributions:
    • 31.07% of income not lower than the minimum salary
    • +10% in the pension fund, if income exceeds minimum
    • If under minimum – only 10% in the pensions fund
  • Reports:
    • Until the 17th of the next month – reports submission
    • Until the 23rd – tax payment
  • Tax benefits:
    • Can be applied all in law intended tax relief
    • Can be used rationed expenses (25% or 50%) of copyright income
  • Who can use:
    • Self-employed
    • Individual entrepreneurs
    • Farmers
    • Copyright royalties (from 01.07.2021)
Corporate income tax (CIT)
  • Tax rate: 20%
  • When to apply:
    • Only for the profit that is distributed in dividends
    • Or if profit is not used for company development
  • Features:
    • Dividends not taxed with PIT
    • Tax base is divided with coefficient 0.8
    • If the company does not pay salaries, but turnover exceeds 5× minimum salary – payroll taxes must be paid for the board members
  • Who can use:
    • Ltd.
    • Small company – Ltd.
    • JSC (joint stock company)
Tip: how choose most suitable tax regime?
If you... Recommended tax regime
Want to claim more expenses or tax relief PIT
Want to build a full-fledged company and pay dividends CIT (Ltd.)
Plan to grow and hire employees CIT
When to register as a VAT payer?

You are required to register as a VAT payer if:

  • You receive services from a company registered in the EU or a third country (exceptions apply)
  • You provide services to companies registered in the EU
  • Total turnover (including VAT-taxable and non-taxable transactions) exceeds €50,000 in a calendar year
  • Purchases of goods within the EU exceed €10,000 in a calendar year
Important

This tool and results is only informative. They are not legal tips, advice or official law interpretation.

  • Results does not take into account each user individual circumstances.
  • Precise for information recommended to consult with individual tax consultant.
Responsibility

Vincit Online, SIA:

  • Not guaranteed result compliance to the current laws.
  • Doesn't bring responsibility for possible losses incurred​ using this information.