Latvia hourly ↔ annual salary converter 2026

Convert pay between hourly, daily, weekly, monthly and annual, based on your weekly hours.

Hourly€20.00

Daily€160.00

Weekly€800.00

Monthly€3,478.57

Annual€41,742.86

Dataset last reviewed 2026-07-18 · tax year 2026 · 15 documented values⚠️ Informational estimate, not tax advice. Payroll software may differ in edge cases. Verify with a professional.

Sources and verification

Dataset last reviewed 2026-07-18 · tax year 2026 · 15 documented values

Rates and thresholds use official primary sources where available, reputable secondary sources when primary access is unavailable, and clearly labelled derived formulas. Each value retains its verification status.

8 sources

Latvia Ministry of Finance — IIN 25.5% up to EUR 20,004/year (2026)
VID (State Revenue Service) — Fixed non-taxable minimum EUR 550/month (2026, income-independent)
likumi.lv (social insurance law art. 18) — Employee VSAOI 10.50% of gross
VID (State Revenue Service) — VID - Mandatory state social insurance contributions (VSAOI): employer 23,59%, employee 10,50%
VID (State Revenue Service) — VID - Self-employed persons / individual entrepreneurs: mandatory state social insurance contributions 31,07% (standard); 10% of income when monthly income is under EUR 700
LV Portals / Latvijas Vestnesis (official gazette publisher) — LV Portals (Latvijas Vestnesis) - self-employed with low monthly income pay 10% VSAOI contributions from actual income instead of the 31.07% standard rate
likumi.lv (VAT law art. 41) — VAT (PVN) standard rate 21%
European Commission - Your Europe — Your Europe (European Commission) - VAT rules and rates: Latvia standard 21%, reduced 5% / 12%

⚠️ Informational estimate, not tax advice. Payroll software may differ in edge cases. Verify with a professional.

Latvia tax guides

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