Country tax profile · 2026
Latvia corporate tax
How Latvia taxes corporate
The standard corporate profits tax in Latvia is 20%. Distribution model: only distributed profit is taxed. The base is divided by 0.8, so the effective rate is 25%. Retained profit is exempt.
Compiled by MyNomadWorld for Latvia and currently being re-verified against primary sources. Confirm with a local adviser before relying on it.
How Latvia's corporate tax compares
Latvia's corporate tax of 20% is the 105th highest of the 180 countries we track, against a global average of 21.2% and a Europe average of 17%.
Countries with a similar corporate tax
Belarus (20%) · Libya (20%) · Madagascar (20%) · Thailand (20%) · Vietnam (20%) · Morocco (20%)
Who is a tax resident of Latvia?
Residente si permanece 183+ dias en un periodo de 12 meses, tiene residencia declarada en Letonia o su centro de intereses economicos esta en el pais.
Related Latvia taxes
Moving to Latvia?
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What is the corporate tax rate in Latvia?
The standard corporate profits tax in Latvia is 20%. Distribution model: only distributed profit is taxed. The base is divided by 0.8, so the effective rate is 25%. Retained profit is exempt.