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Regional Hub:
Latvia's three ice-free ports, extensive railway and road networks, and the largest international airport in the Baltic region (Riga International Airport) are connected, making it an important transportation and logistics hub connecting the EU market with Russia and Central Asia.
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High-Quality Workforce:
Latvia's workforce is highly educated, multilingual, and culturally advocates diligence and reliability. Labor costs in Latvia are among the lowest of the five countries in the EU.
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Competitive Tax System:
Latvia’s tax system consistently ranks among the most competitive in the OECD International Tax Competitiveness Index. To enhance its attractiveness, the Latvian government has abolished taxation on reinvested profits and established special incentives for both foreign and domestic investments.
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Special Economic Zones and Free Ports:
Latvia has five Special Economic Zones (SEZ) and Free Ports, providing investors with various tax benefits. These special economic zones include Riga Free Port, Ventspils Free Port, Liepaja Special Economic Zone, Rezekne Special Economic Zone, and Riga Freeport Special Economic Zone.
Tax Info
Enter Dynamic Page- 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.
- Resident Withholding Tax (Dividend/Interest/Royalty)
- NA
- Non-Resident Withholding Tax (Dividend/Interest/Royalty)
- 0/0/0
- General VAT Rate
- 21
- General Capital Gain Tax Rate
- Capital gains are constrained by the normal corporate income tax rate.
- Composite Effective Average Tax Rate
- 17.00%
- Composite Effective Marginal Tax Rate
- 0.00%
Administrative Regions
- 001 - Aglona Municipality
- 002 - Aizkraukle Municipality
- 003 - Aizpute Municipality
- 004 - Aknīste Municipality
- 005 - Aloja Municipality
- 006 - Alsunga Municipality
- 007 - Alūksne Municipality
- 008 - Amata Municipality
- 009 - Ape Municipality
- 010 - Auce Municipality
- 012 - Babīte Municipality
- 013 - Baldone Municipality
- 014 - Baltinava Municipality
- 015 - Balvi Municipality
- 016 - Bauska Municipality
- 017 - Beverīna Municipality
- 018 - Brocēni Municipality
- 019 - Burtnieki Municipality
- 020 - Carnikava Municipality
- 021 - Cesvaine Municipality
- 022 - Cēsis Municipality
- 023 - Cibla Municipality
- 024 - Dagda Municipality
- 025 - Daugavpils Municipality
- 026 - Dobele Municipality
- 027 - Dundaga Municipality
- 028 - Durbe Municipality
- 029 - Engure Municipality
- 030 - Ērgļi Municipality
- 031 - Garkalne Municipality
- 032 - Grobiņa Municipality
- 033 - Gulbene Municipality
- 034 - Iecava Municipality
- 035 - Ikšķile Municipality
- 036 - Ilūkste Municipality
- 037 - Inčukalns Municipality
- 038 - Jaunjelgava Municipality
- 039 - Jaunpiebalga Municipality
- 040 - Jaunpils Municipality
- 041 - Jelgava Municipality
- 042 - Jēkabpils Municipality
- 043 - Kandava Municipality
- 044 - Kārsava Municipality
- 045 - Kocēni Municipality
- 046 - Koknese Municipality
- 047 - Krāslava Municipality
- 048 - Krimulda Municipality
- 049 - Krustpils Municipality
- 050 - Kuldīga Municipality
- 051 - Ķegums Municipality
- 052 - Ķekava Municipality
- 053 - Lielvārde Municipality
- 054 - Limbaži Municipality
- 055 - Līgatne Municipality
- 056 - Līvāni Municipality
- 057 - Lubāna Municipality
- 058 - Ludza Municipality
- 059 - Madona Municipality
- 060 - Mazsalaca Municipality
- 061 - Mālpils Municipality
- 062 - Mārupe Municipality
- 063 - Mērsrags Municipality
- 064 - Naukšēni Municipality
- 065 - Nereta Municipality
- 066 - Nīca Municipality
- 067 - Ogre Municipality
- 068 - Olaine Municipality
- 069 - Ozolnieki Municipality
- 070 - Pārgauja Municipality
- 071 - Pāvilosta Municipality
- 072 - Pļaviņas Municipality
- 073 - Preiļi Municipality
- 074 - Priekule Municipality
- 075 - Priekuļi Municipality
- 076 - Rauna Municipality
- 077 - Rēzekne Municipality
- 078 - Riebiņi Municipality
- 079 - Roja Municipality
- 080 - Ropaži Municipality
- 081 - Rucava Municipality
- 082 - Rugāji Municipality
- 083 - Rundāle Municipality
- 084 - Rūjiena Municipality
- 085 - Sala Municipality
- 086 - Salacgrīva Municipality
- 087 - Salaspils Municipality
- 088 - Saldus Municipality
- 089 - Saulkrasti Municipality
- 090 - Sēja Municipality
- 091 - Sigulda Municipality
- 092 - Skrīveri Municipality
- 093 - Skrunda Municipality
- 094 - Smiltene Municipality
- 095 - Stopiņi Municipality
- 096 - Strenči Municipality
- 097 - Talsi Municipality
- 098 - Tērvete Municipality
- 099 - Tukums Municipality
- 100 - Vaiņode Municipality
- 101 - Valka Municipality
- 102 - Varakļāni Municipality
- 103 - Vārkava Municipality
- 104 - Vecpiebalga Municipality
- 105 - Vecumnieki Municipality
- 106 - Ventspils Municipality
- 107 - Viesīte Municipality
- 108 - Viļaka Municipality
- 109 - Viļāni Municipality
- 110 - Zilupe Municipality
- DGV - Daugavpils
- JEL - Jelgava
- JKB - Jēkabpils
- JUR - Jūrmala
- LPX - Liepāja
- REZ - Rēzekne
- RIX - Riga
- VEN - Ventspils
- VMR - Valmiera
Belonging Jurisdiction
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EEA - European Economic Area
European Economic AreaLearn MoreEuropean Economic Area -
EU - European Union
European UnionLearn MoreEuropean Union -
LV - Latvia
Republic of LatviaLearn MoreRepublic of Latvia -
WORLD - Global
EarthLearn MoreEarth
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