The regulation amending Latvia's taxable base cap for social security contributions entered into force on 1 January 2015. According to the regulation, the annual taxable base (income) cap per employee for social security contributions in 2015 is increased from €46,400 to €48,600.
The employer portion of social security contributions in Latvia is 23.59% calculated on the employee's gross salary up to the cap. The employee portion is 10.5%.