Latvia has a general corporate income tax rate of 20%, which is only payable when profits are distributed. Capital gains are subject to the same rate as regular corporate income tax. There is no estimated CIT payment due date, but if there is a tax base, the tax payable must be paid by the 23rd day of the following tax filing period each month. The tax return deadline is one month, or one quarter if taxpayers pre-order proof documents quarterly. The general VAT rate is 21%. Non-residents do not have to pay withholding tax on dividends, interest, or royalties, while information on withholding tax for residents is not available.
Latvia Tax Brief
Time of Update 4/04/2026
Latvia Corporate Income Tax (CIT)
General CIT Rate:
20 (only payable when distributing profits).
CIT Return Due Date:
The tax deadline is one month. If taxpayers are allowed to pre-order proof documents quarterly, the tax period is one quarter. If there is a tax base, the tax return should be submitted on or before the 20th day of each month (quarter).
CIT Payment Due Date:
If there is a tax base, the tax payable should be paid on or before the 23rd day of the next tax filing period each month.
CIT Estimated Payment Due Date:
No estimated CIT payment.
Latvia Withholding Tax (WHT)
Resident Withholding Tax (Dividend/Interest/Royalty):
NA
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0/0/0
Latvia Value-Added Tax (VAT)
General VAT Rate:
21
Learn More
Latvia Capital Gain Tax (CGT)
General Capital Gain Tax Rate:
Capital gains are constrained by the normal corporate income tax rate.
Latvia Effective Tax Rate (ETR)
Composite Effective Average Tax Rate:
17.00%
Composite Effective Marginal Tax Rate:
0.00%
Additional info
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TKEG Expat Latvia Corporate Tax Guide
Latvia Value-added tax (VAT)
Latvia Customs Duty
Latvia Corporate Income Tax (CIT)
Latvia Personal Income Tax (PIT)
Latvia Capital Gains Tax (CGT)
1.
Latvia Value-added tax (VAT)
In Latvia, the standard VAT rate is set at 21%, which applies to most supplies of goods and services, including commodity imports and services provided by non-residents. A reduced rate of 12% is available for certain essential goods and services, such as listed medicaments, medical devices, public transportation, heating for households, and some types of food. Additionally, a 5% reduced VAT rate is applied to printed and electronic books, and certain exemptions are provided for intra-community supplies of goods and export services. These VAT exemptions help Latvia maintain competitive trade and align with European Union regulations.
References
https://taxsummaries.pwc.com/latvia/corporate/other-taxes
2.
Latvia Customs Duty
Latvia levies customs duty on goods imported into the country, with rates ranging from 0% to 20% depending on the type and origin of the goods. The customs duty is based on the value of the imported goods, and certain items may benefit from lower or zero duty rates. Exports, in contrast, are generally exempt from customs duty, which promotes Latvia’s international trade relations. This flexibility in customs duty rates allows Latvia to maintain favorable trade balances and engage in import activities that support domestic industries.
References
https://taxsummaries.pwc.com/latvia/corporate/other-taxes
3.
Latvia Corporate Income Tax (CIT)
Latvia’s corporate income tax (CIT) rate is 20%, which is payable only when profits are distributed. Companies operating in Latvia must file their CIT returns on a monthly or quarterly basis, depending on their size and the nature of their transactions. The taxable period is one month, and companies are required to file tax returns by the 20th day of the following month. Payments must be made by the 23rd day of the month if a tax base arises. Latvia’s CIT system encourages reinvestment by not taxing retained profits, which stimulates business growth.
References
https://taxsummaries.pwc.com/latvia/corporate/other-taxes
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