| 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. |
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