AI-Assisted Content: Summaries are AI-generated for general reference. Always verify with the official tax authority.
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Europe

Latvia

Latvia applies progressive personal income tax. Corporate tax also applies only to distributed profits (similar to Estonia).

Personal income tax

20–31%
Top marginal rate / range

Corporate tax

20% on distribution
Standard rate

VAT / Sales tax

21%
Standard indirect tax

At a glance

  • Tax yearCalendar year
  • CITOnly on distribution
Official Tax Authority Valsts ieņēmumu dienests
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This is a brief, AI-assisted summary intended for general reference only. Tax laws change frequently and vary by individual circumstance. Always verify current rates, rules, and obligations with Latvia's official tax authority (linked above) or a qualified tax professional before making any decision.