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LV
Latvia
Doing Business
Latvia Business Guide
Latvia offers a strategic Baltic location with EU and eurozone membership, 20% corporate tax with zero tax on reinvested profits, a multilingual workforce, and strong IT and logistics sectors.
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Latvia Business GuideLV
Latvia
Corporate Income Tax
Latvia Tax Brief
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 estim…
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Latvia Tax BriefGeneral 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.
Estimated Payment Due Date
No estimated CIT payment.
Resident WHT (Dividend/Interest/Royalty)
NA
Non-Resident WHT (Dividend/Interest/Royalty)
0/0/0
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%
LV
Latvia
Value-Added Tax
Latvia GENERAL VAT RATE
21%
GENERAL VAT RATE FOR LATVIA
LV
Latvia
Value-Added Tax
Latvia Latvia
21%
Standard VAT for Latvia
LV
Latvia
Legal Entity Types
Latvia AS
Akcionārsabiedrība
AS is a legal entity in Latvia, abbreviated as "Akcionārsabiedrība". It is a type of company with combined capital and limited liability. AS can participate in the market publicly, with a minimum requ…
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Latvia ASOwnership
Consolidated Ownership
Limited Liability
Positive
Publicly Participates In Capital Market
Positive
Requirements For Shareholders
At least one
Requirements For Directors
At least one
Legal Representative Not Mandatory
Positive
Local Directors Not Mandatory
Positive
Local Secretaries Not Mandatory
Positive
Minimum Registered Capital Requirement
25,000 euros
Capital Injection Not Required
Positive
Capital Injection Requirement
N/A
LV
Latvia
Legal Entity Types
Latvia SIA
Aabiedrība Ar Eerobežotu Atbildību
SIA is a legal entity within the territory of Latvia, with the full name Aabiedrība Ar Eerobežotu Atbildību. The ownership of SIA is consolidative, and it is a limited liability entity. SIA does not p…
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Latvia SIAOwnership
Consolidated Ownership
Limited Liability
Positive
Publicly Participates In Capital Market
Negative
Requirements For Shareholders
At least one
Requirements For Directors
At least one
Legal Representative Not Mandatory
Negative
Local Directors Not Mandatory
Positive
Local Secretaries Not Mandatory
Positive
Minimum Registered Capital Requirement
1. Starting from 2800 euro.
Capital Injection Not Required
Negative
Capital Injection Requirement
50% of the registered capital needs to be deposited at the time of registration
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