Source-cited draft: tax overview for Latvia (tax year 2025) — rates, thresholds and rules with primary-source citations. Unverified; pending local-accountant review.
Source-cited draft.Written from sources but not reviewed by a licensed practitioner, so it may be incomplete or wrong. General reference only; don't file or take a position on it without professional review.
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Tax year
Calendar year (1 January to 31 December)Law On Taxes and Duties (Par nodokļiem un nodevām) — https://taxsummaries.pwc.com/latvia
Currency
Euro (EUR)Law On Taxes and Duties (Par nodokļiem un nodevām)
Tax authority
State Revenue Service (Valsts ieņēmumu dienests, VID); electronic filing via the EDS systemLaw On the State Revenue Service (Par Valsts ieņēmumu dienestu) — https://www.vid.gov.lv/en
Residence basis of taxation
Residents are taxed on worldwide income; non-residents are taxed only on Latvian-source incomeLaw On Personal Income Tax (Par iedzīvotāju ienākuma nodokli) — https://taxsummaries.pwc.com/latvia/individual/residence
Headline personal income tax rates (2025)
25.5% up to EUR 105,300; 33% above EUR 105,300; plus an additional 3% on total annual income over EUR 200,000Law On Personal Income Tax (Par iedzīvotāju ienākuma nodokli) — https://www.vid.gov.lv/en/personal-income-tax-rates
Headline corporate income tax
20% on distributed profits (20/80 of the net distribution, an effective 25% rate); 0% on retained/reinvested profitsCorporate Income Tax Law (Uzņēmumu ienākuma nodokļa likums) — https://taxsummaries.pwc.com/latvia/corporate/taxes-on-corporate-income
Does VAT/GST exist?
Yes — VAT (pievienotās vērtības nodoklis, PVN) at a standard rate of 21%Value Added Tax Law (Pievienotās vērtības nodokļa likums) — https://taxsummaries.pwc.com/latvia/corporate/other-taxes
Annual personal income declaration deadline
Generally by 1 June of the following year (by 1 July if total annual income exceeds EUR 78,100); refund-only declarations may be filed within 3 years ((approx — confirm))Law On Personal Income Tax (Par iedzīvotāju ienākuma nodokli) — https://www.vid.gov.lv/en/due-dates-filing-returns-and-paying-taxes
Corporate income tax return deadline
Monthly, by the 20th day of the following month where a tax base arises; tax paid by the 23rdCorporate Income Tax Law (Uzņēmumu ienākuma nodokļa likums) — https://www.vid.gov.lv/en/corporate-income-tax
Annual financial statements deadline
Within 4 months of the financial year end (within 7 months for larger companies) ((approx — confirm))Law On the Annual Financial Statements and Consolidated Financial Statements (Gada pārskatu un konsolidēto gada pārskatu likums) — https://gramatvedisriga.lv/en/blog/annual-report-guide
Rendered from the canonical facts model. General reference only — confirm with a qualified professional before acting.
Latvia is an EU member state with a euro-denominated tax system administered by the State Revenue Service (Valsts ieņēmumu dienests, VID). Personal income tax became progressive again from 2025 and corporate tax uses a distribution-based model.
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Other Latvia computations in the OpenAccountants Tax Library.