Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
₽ 117500
per

Your estimated
City
free-cash

Riga , Latvia
₽71346
₽55254
₽22113
₽77753
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

-
-
-
117 500
income
-
-
-
19 253
microenterprise
-
-
-
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

-
-
-
29 923
surtax
-
-
-
29 963
total
-
-
-
79 139
Employee
22 821
-
84 389
-
income
4 062
-
16 385
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

2 511
-
9 284
-
surtax
-
-
-
-
total
6 573
-
25 669
-
Employer
22 821
-
84 389
-
social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

5 497
-
20 329
-
surtax
-
-
-
-
total
5 497
-
20 329
-
Corporate
89 183
117 500
-
-
income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

17 836
23 499
-
-
total
17 836
23 499
-
-
Dividends

In Latvia, local dividends are not subject to withholding tax.

71 346
94 001
-
-
total
-
-
-
-
Income
117 500
117 500
117 500
117 500
Total tax
29 906
23 499
45 998
79 139
After tax
87 594
94 001
71 502
38 361
Living cost
16 248
16 248
16 248
16 248
Free-cash
71 346
77 753
55 254
22 113

Estimated living cost  is ₽16248 per week

₽10365
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1547
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽369
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽3966
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
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