LV: Latvia has highest labour taxes in Baltics-survey.

By bne IntelliNews April 21, 2011
Baltic household financial survey performed by SEB shows that labour tax burden in Latvia is the highest among the Baltic States. The difference between gross and net income in Latvia stands at about 29%, while in Lithuania and Estonia the same indicator is at 22% and 20%, respectively. Main reason for such a difference is the high income tax rate and low untaxed minimum salary. For example, despite having the lowest gross average salary, Lithuanias net average salary is still slightly higher than in Latvia. In Q4/10 gross monthly average salary in Estonia, Latvia and Lithuania amounted to EUR 814, EUR 647 and EUR 614, respectively.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 278

Related Articles

EE: Estonian Air records EUR 49.2mn loss in 2012.

Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more

LT: Malsena acquires Latvian flour manufacturer Rigas Dzirnavieks.

Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more

EE: Estonian Air to return excess Embraer airplanes.

Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more