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
₽ 190000
per

Your estimated
City
free-cash

Riga , Latvia
₽128410
₽66060
₽52664
₽135081
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.

-
-
-
190 000
income
-
-
-
40 809
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.

-
-
-
31 159
surtax
-
-
-
48 449
total
-
-
-
120 417
Employee
23 763
-
150 137
-
income
4 230
-
34 728
-
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.

2 614
-
10 661
-
surtax
-
-
21 769
-
total
6 844
-
67 158
-
Employer
23 763
-
150 137
-
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.

5 724
-
23 348
-
surtax
-
-
16 515
-
total
5 724
-
39 863
-
Corporate
160 513
190 000
-
-
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%.

32 103
38 000
-
-
total
32 103
38 000
-
-
Dividends

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

128 410
152 000
-
-
total
-
-
-
-
Income
190 000
190 000
190 000
190 000
Total tax
44 671
38 000
107 021
120 417
After tax
145 329
152 000
82 979
69 583
Living cost
16 919
16 919
16 919
16 919
Free-cash
128 410
135 081
66 060
52 664

Estimated living cost  is ₽16919 per week

₽10794
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽1611
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽384
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.
₽4130
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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