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Self-employment tax calculation

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

The Self-Employed Tax Calculator helps you calculate how much tax a self-employed person must pay and how much income remains after taxes. Enter your income and expenses, and the calculator will calculate State Social Insurance Contributions (SSIC), Personal Income Tax (PIT), and your net income according to the 2026 tax rates. The calculator is suitable for self-employed individuals, sole proprietors, and other people carrying out economic activity.

How to calculate self-employed taxes

  • Enter your income from economic activity (EUR per month).

  • Enter your business-related expenses.

  • Select your status: self-employed, retirement age, or property manager.

  • Enter your non-taxable allowance, number of dependants, and tax reliefs.

  • Click "Calculate" to see your SSIC, PIT, and net income.

SSIC for the self-employed in 2026

State Social Insurance Contributions (SSIC) are calculated on income that is not lower than the minimum SSIC base. In 2026, this minimum is EUR 780 per month. Contribution rates are:

  • 31.07% - standard rate;

  • 29.36% - for people who have reached the statutory retirement age;

  • 26.59% - for property management activities.

In addition, a 10% pension insurance contribution must be paid on the amount exceeding EUR 780 per month. If monthly income is below EUR 780, only the 10% pension contribution is payable. No SSIC contributions are required if total income since the beginning of the year does not exceed EUR 50.

Personal Income Tax (PIT)

Personal Income Tax (PIT) on income from economic activity is calculated annually when submitting the Annual Income Tax Return. The tax is calculated on profit (income minus expenses), after deducting the non-taxable allowance and reliefs for dependants, disability, and other eligible statuses. In 2026, the PIT rate is 25.5% (up to 33% for higher income levels). If there is no income or the calculated PIT does not exceed EUR 50, a minimum annual PIT payment of EUR 50 is required.

Non-taxable allowance in 2026

In 2026, the annual non-taxable allowance is EUR 6,600, or EUR 550 per month. For pension recipients, it is EUR 12,000 per year (EUR 1,000 per month), and it is applied by the pension payer. In the calculator, enter your non-taxable allowance manually according to your personal situation.

Who is considered self-employed?

A self-employed person is an individual registered with the Latvian State Revenue Service (VID) as a person carrying out economic activity. This category also includes sole proprietors, owners of farms, and recipients of copyright royalties. Since 2025, students earning up to EUR 3,000 per year from economic activity within an educational programme are not required to register with the State Revenue Service (VID).

Important: The calculator results are provided for informational purposes only and are based on the data you enter and the applicable tax regulations. They should not be considered professional accounting or tax advice. Please verify that the information you enter is accurate before making any decisions. The information on this page was last updated on 22 July 2026. If you notice any inaccuracies or have any questions, please contact us at [email protected]

Frequently Asked Questions

SSIC is 31.07% of income (minimum EUR 780 per month), plus an additional 10% pension contribution on the amount exceeding this threshold, and PIT of 25.5% on annual profit.
Yes. If the annual calculated PIT does not exceed EUR 50, the minimum EUR 50 PIT must still be paid.
Record and deduct business-related expenses - they reduce your taxable profit.
Yes. Taxes for a Sole Proprietor (IK) are calculated using the same principles as for a self-employed person under the Personal Income Tax (PIT) regime.