Walless Tax Cookie: Increased tax rates in Latvia from 2025
2024 10 03
In 2025, Latvia plans to increase Personal Income Tax rates:
- 25.5% and 33% for employment and self-employment income, with the 33% rate kicking in for earnings over €105,300 per year.
- 25.5% for capital income, such as company and real estate sale or interest income. Transactions started before 2025 can still enjoy the previous 20% rate for three more years.
- A 3% surcharge will be applied to total incomes exceeding €200,000.
Stay prepared for these changes!