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European Company Formation 
Company registration in Latvia Tax facts
Tax facts
INCOME TAX RATES
Physical person
| Taxable income (EUR) | Tax rate (%) |
|---|---|
| Taxable income (until 31.12.2008) | 25 |
| Taxable income (from 01.01.2009) | 23 |
Companies
| Taxable income (EUR) | Tax rate (%) |
|---|---|
| Taxable income | 15 |
VALUE ADDED TAX (VAT)
22% (from 01.01.2010) on majority of sales of goods/services; lowered 5 % (from 01.01.2009 10%) rate is used on specific goods and services named in the Latvian VAT tax law. Export is taxed with 0% VAT.
CAPITAL GAINS TAX (CGT)
There is now no capital gains tax.
LOSSES
Previous periods’ losses can be carried forward for five years
TREATY NETWORK
57 countries.
WITHOLDING TAX (non-residents)
Dividends: 0% (there can be exceptions)
Interest: 5% or 10%
Royalties: 23%
