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
₽ 151000

per

Your estimated

Best value All models

City

free-cash

Riga , Latvia

₽99807

₽91528

₽28149

₽70992

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.

151 000

microenterprise

income

24 688

surtax

38 505

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.

38 664

total

101 857

Employee

29 487

108 288

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.

3 244

11 911

surtax

income

5 249

21 017

total

8 493

32 928

Employer

29 487

108 288

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.

7 103

26 086

surtax

total

7 103

26 086

Corporate

114 410

151 000

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%.

22 882

30 199

total

22 882

30 199

Dividends

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

91 528

120 801

total

Income

151 000

Total tax

38 478

30 199

59 014

101 857

After tax

112 522

120 801

91 986

49 143

Living cost

20 994

Free-cash

91 528

99 807

70 992

28 149

Estimated living cost is ₽20994 per week

₽13393

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽1999

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽477

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.

₽5125

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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