Latvia has increased the annual taxable base (income) cap per employee for social security contributions from EUR 55,000 to EUR 62,800 effective 1 January 2019. The current employer portion of social security contributions in Latvia is 24.09% calculated on the employee's gross salary up to the cap, and the employee portion is 11.0%.
The government has also approved an amendment to the personal income tax law so that the top personal income tax bracket (31.4%) will be aligned with the taxabl…