Latvia

Paying Taxes in

Latvia

Listed below is a detailed summary of the taxes and mandatory contributions that a medium-size company must pay or withhold in a given year, as well as measures of administrative burden in paying taxes.

The information appearing on this page was collected as part of the Doing Business project, which measures and compares regulations relevant to the life cycle of a small- to medium-sized domestic business in 183 economies. The most recent round of data collection for the project was completed in December 2010.

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To see indicator data for all economies, see the Paying Taxes page. To see how economies rank, see the Rankings page.

Tax or mandatory contribution Payments (number) Notes on Payments Time (hours) Statutory tax rate Tax base Total tax rate (% profit) Notes on TTR
Social security contributions 1 online filing 165 24.1% gross salaries 27.2
Corporate income tax 1 online filing 31 15.0% taxable profits 6.1
Real estate tax 1 online filing 1.5% property value 2.1
Environmental tax 1 online filing various rates per kilo 1.6
Fuel tax 1 included in the price of fuel 1
Vehicle tax 1 LVL12-360 depends on weight 0.1
Unemployment insurance contribution 0 paid jointly LVL 0.25 per employee number of employees 0
Value added tax (VAT) 1 online filing 94 21.0% value added not included
Totals: 7 290 37.9
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