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Information about taxes in Republic of Latvia
Value added tax (VAT)
Most of goods and services are taxed with 21% but there are exceptions and some specific goods and services are taxed with 10% VAT.
Personal income tax
Personal income tax is 23% from private incomes.
Corporate income tax
Corporate income tax to companies is 15%.
Losses
Losses of previous periods can be carried forward for five years.
Tax rates in European Union
Here you can see comparison of main taxes in European Union
| Country | Income tax | VAT | |
| Corporate | Individual | ||
| Austria | 25% | 21-50% | 20% |
| Belgium | 33,99% | 25-50% | 21% |
| Denmark | 25% | 38-59% | 25% |
| Estonia | 21% | 20% | 18% |
| Finland | 26% | 7-30,5% | 22% |
| France | 33,33% | 5,5-40% | 19,6% |
| Germany | 30-33% (effective) | 15-45% | 19% |
| Hungary | 16% | 18% and 36% | 20% |
| Italy | 31,4% | 23-43% | 20% |
| Latvia | 15% | 23% | 21% |
| Lithuania | 20% | 15% / 20% | 19% |
| Norway | 28% | 28-49% | 25% |
| Poland | 19% | 18% / 32% | 22% |
| Portugal | 25% | 0-42% | 20% |
| Spain | 30% | 24-43% | 16% |
| UK | 28% | 0-40% | 15% |
Please feel free to contact us if you would like to get more information about taxes in Latvia.
Tel. (371) 29 112 333
e-mail:
info@register-company.lv
