The Social Security Rate For Companies in Latvia stands at 24.09 percent.

Social Security Rate For Companies in Latvia averaged 24 percent from 2004 until 2019, reaching an all time high of 24.09 percent in 2005 and a record low of 23.59 percent in 2015. This page provides - Latvia Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Social Security Rate For Companies - values, historical data and charts - was last updated on July of 2020.

Social Security Rate For Companies in Latvia is expected to reach 24.09 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Social Security Rate For Companies is projected to trend around 24.09 percent in 2021, according to our econometric models.

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Latvia Social Security Rate For Companies

Actual Previous Highest Lowest Dates Unit Frequency
24.09 24.09 24.09 23.59 2004 - 2019 percent Yearly

Latvia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 15.00 29.00 15.00 percent [+]
Personal Income Tax Rate 31.40 23.00 31.40 23.00 percent [+]
Sales Tax Rate 21.00 21.00 22.00 18.00 percent [+]
Social Security Rate 35.09 35.09 35.09 33.09 percent [+]
Social Security Rate For Companies 24.09 24.09 24.09 23.59 percent [+]
Social Security Rate For Employees 11.00 11.00 11.00 9.00 percent [+]


Latvia Social Security Rate For Companies
In Latvia, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Latvia because they help to pay for many social programs including welfare, health care and many other benefits.