Tax authorities
Ministry Of Economics
55 Brivibas St
Riga
LV 1519
Tel: +371 7013 101/7013 195
Fax: +371 7280 882/7013 208
Website: www.em.gov.lv
Ministry of Finance
Smilsu street 1,
Riga, LV-1919
Tel: +371 6709 5405
Fax: +371 6709 5503
Email: info@fm.gov.lv
Website: www.fm.gov.lv
Tax rates at a glance
(As of September 2009)
| Corporate income tax rate (%) |
15 |
| Capital gains tax rate (%) |
15 |
| Branch tax rate (%) |
15 |
Withholding tax (%) |
(a) |
| Dividends |
0/10(b) |
| Interest |
5/10(c) |
| Royalties |
5/15(d) |
| Management and consulting fees |
10 |
| Payments for the use of property located in Latvia |
5 |
| Gains on transfers of shares of real estate located in Latvia |
2(e) |
Net operating losses (years) |
|
| Carryback |
0 |
| Carryforward |
5 |
(a) These taxes apply to payments by Latvian residents or permanent establishments to nonresidents.
(b) No withholding tax is imposed on dividends paid by Latvian entities to legal entities resident in the EU or the EEA, or their permanent establishments.
(c) Interest withholding tax applies only to interest paid to associated companies or persons. The 5% rate applies to interest paid by Latvian-registered banks; the 10% rate applies to other interest payments.
(d) The 15% rate applies to copyright royalties; the 5% rate applies to royalties on other types of intellectual property.
(e) This is a final withholding tax imposed on gains derived by nonresident companies without a permanent establishment in Latvia from sales of Latvian real estate. This tax also applies to sales of shares if certain conditions are met.
Source: Ernst & Young