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ID number:101436
Published: 12.06.2024.
Language: English
Level: College/University
Literature: n/a
References: Not used

Individual - Taxes on personal income
Last reviewed - 19 July 2022
Latvian residents are liable to Latvian income tax on their worldwide income.
Non-residents are liable to income tax on their Latvian-source income.
Personal income tax rates
Latvia has a progressive PIT system. Unless the law provides for a different rate, the progressive rate is based on the level of annual income as follows:
• A rate of 20% applies to income up to EUR 20,004.
• Any portion of income between EUR 20,004 and EUR 78,100 attracts a rate of 23%.
• Any income over EUR 78,100 attracts a rate of 31%.
PIT on dividends is 20%. However, where a company has already charged its profits to CIT, there will be no PIT to pay. This applies to Latvian companies, European Union (EU)/European Economic Area (EEA) companies, and others, except for companies from tax havens and MBT payers. To zero-rate dividends for PIT, evidence of PIT or CIT paid abroad should be presented, except for the EU/EEA companies where no evidence is needed since it is assumed that tax (PIT or CIT) has been applied at source by default.…

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