The Social Security Rate For Companies in Latvia stands at 23.59 percent. Social Security Rate For Companies in Latvia averaged 23.92 percent from 2004 until 2024, reaching an all time high of 24.09 percent in 2005 and a record low of 23.59 percent in 2015. source: State Revenue Service - Ministry of Finance

Related	Last	Previous	Unit	Reference
Corporate Tax Rate	20.00	20.00	percent	Dec 2024
Personal Income Tax Rate	31.00	31.00	percent	Dec 2024
Sales Tax Rate	21.00	21.00	percent	Dec 2024
Social Security Rate	34.09	34.09	percent	Dec 2024
Social Security Rate For Companies	23.59	23.59	percent	Dec 2024
Social Security Rate For Employees	10.50	10.50	percent	Dec 2024
Withholding Tax Rate	0.00	0.00	percent	Dec 2024

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.