Latvian residents are charged personal income tax on their worldwide income. Non-residents are charged personal income tax on their locally-sourced income. In 2018, a progressive personal income taxation system was introduced. This means that personal income tax is charged at differentiated tax rates based on the amount of taxable income. Current personal income tax rates are as follows:
Personal income tax rate of 20% is imposed on the amount of taxable income that does not exceed 1 667 EUR per month or 20 004 EUR per year; Personal income tax rate of 23% is imposed on the amount of taxable income, which is between 1 667 EUR and 5 233 EUR per month or between 20 004 EUR and 62 800 EUR per year; Personal income tax rate of 31,4% is imposed on the amount of taxable income, which exceeds 5 233 EUR per month or 62 800 EUR per year. Other taxes paid by companies in Latvia include social security tax and state duty on business risk. Latvian companies are obliged to submit the tax report before 15th of the following month. Financial statement for the financial year should be submitted not later than four months after the end of the financial year.
https://www.company-formation-latvia.lv/
21.09.2025. (08:50)
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https://www.company-forma
Latvian residents are charged personal income tax on their worldwide income. Non-residents are charged personal income tax on their locally-sourced income. In 2018, a progressive personal income taxation system was introduced. This means that personal income tax is charged at differentiated tax rates based on the amount of taxable income. Current personal income tax rates are as follows:
Personal income tax rate of 20% is imposed on the amount of taxable income that does not exceed 1 667 EUR per month or 20 004 EUR per year;
Personal income tax rate of 23% is imposed on the amount of taxable income, which is between 1 667 EUR and 5 233 EUR per month or between 20 004 EUR and 62 800 EUR per year;
Personal income tax rate of 31,4% is imposed on the amount of taxable income, which exceeds 5 233 EUR per month or 62 800 EUR per year.
Other taxes paid by companies in Latvia include social security tax and state duty on business risk. Latvian companies are obliged to submit the tax report before 15th of the following month. Financial statement for the financial year should be submitted not later than four months after the end of the financial year.
https://www.company-formation-latvia.lv/
21.09.2025. (08:50) - - - - - promjene spremljene- uredi komentar - obriši komentar - prijavi ovaj komentar kao spam - zabrani komentiranje autoru ovog komentara- učitavam...