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
₽ 165500

per

Your estimated

Best value All models

City

free-cash

Riga , Latvia

₽111290

₽102967

₽34865

₽46587

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.

165 500

microenterprise

income

28 446

surtax

42 202

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.

38 877

total

109 525

Employee

29 650

122 855

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.

3 262

13 302

surtax

17 813

income

5 278

24 042

total

8 540

55 157

Employer

29 650

122 855

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.

7 142

29 132

surtax

13 514

total

7 142

42 646

Corporate

128 708

165 500

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%.

25 741

33 100

total

25 741

33 100

Dividends

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

102 968

132 400

total

Income

165 500

Total tax

41 423

33 100

97 803

109 525

After tax

124 077

132 400

67 697

55 975

Living cost

21 110

Free-cash

102 967

111 290

46 587

34 865

Estimated living cost is ₽21110 per week

₽13467

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

₽2010

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

₽479

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.

₽5153

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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