The Corporate Tax Rate in Latvia stands at 20 percent.

Corporate Tax Rate in Latvia averaged 18.96 percent from 1995 until 2020, reaching an all time high of 29 percent in 1996 and a record low of 15 percent in 2002. This page provides - Latvia Corporate Tax Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Corporate Tax Rate - values, historical data and charts - was last updated on October of 2020.

Corporate Tax Rate in Latvia is expected to reach 20.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Corporate Tax Rate is projected to trend around 20.00 percent in 2021, according to our econometric models.

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Latvia Corporate Tax Rate

Actual Previous Highest Lowest Dates Unit Frequency
20.00 20.00 29.00 15.00 1995 - 2020 percent Yearly

Latvia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 29.00 15.00 percent [+]
Personal Income Tax Rate 31.40 31.40 31.40 23.00 percent [+]
Sales Tax Rate 21.00 21.00 22.00 18.00 percent [+]
Social Security Rate 35.09 35.09 35.09 33.09 percent [+]
Social Security Rate For Companies 24.09 24.09 24.09 23.59 percent [+]
Social Security Rate For Employees 11.00 11.00 11.00 9.00 percent [+]

Latvia Corporate Tax Rate
In Latvia, the Corporate Income tax rate is a tax collected from companies. Its amount is based on the net income companies obtain while exercising their business activity, normally during one business year. The benchmark we use refers to the highest rate for Corporate Income. Revenues from the Corporate Tax Rate are an important source of income for the government of Latvia.