COMPARATIVE STUDY OF NET SALARY UNDER LATVIAN AND LITHUANIAN TAX LEGISLATION | Zendy

Sņežana Lukša | Zendy

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COMPARATIVE STUDY OF NET SALARY UNDER LATVIAN AND LITHUANIAN TAX LEGISLATION

Author(s) -

Sņežana Lukša

Publication year - 2019

Publication title -

individual society state proceedings of the international student and teacher scientific and practical conference

Language(s) - English

Resource type - Journals

ISSN - 2592-8457

DOI - 10.17770/iss2019.5263

Subject(s) - salary , remuneration , labour economics , wage , lithuanian , incentive , economics , legislation , net income , latvian , wages and salaries , business , market economy , accounting , finance , political science , linguistics , philosophy , law

Wages are remuneration for the use of human labour at a given time, it is a social guarantee for the well-being of people, and each worker has a significant net salary on hand, formed by applying labour taxes to gross wages. In Latvia, the tax system is constantly changing, such changes have a negative impact on economic outcomes and citizens' incomes, because labour tax rates remain relatively high, the tax burden for minimum wage recipients is high and they cannot fully benefit from tax incentives. The study carried out a theoretical description of net salary, calculated and compared the impact of labor taxes on the net salary size of the worker in Latvia and Lithuania.

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