Latvia

Latvia Income Tax

Latvian personal income tax (IIN) for tax year 2026, for resident employees, self-employed people, pensioners and people with capital income. Covers the 25.5% and 33% bands with the threshold tied to the EUR 105,300 maximum social insurance base, the 3% surcharge above EUR 200,000, the fixed EUR 550 monthly non-taxable minimum, EUR 250 monthly dependant relief, the EUR 12,000 pensioner minimum, eligible expenses, capital income at 25.5%, business income and losses, the annual return (1 March to 1 June, or 1 April to 1 July), payment dates, penalties and 0.05% a day late interest.