February 2008
In 2008 the flat income tax rate for individuals is 25%, 15% for income from self employment.
The corporate income tax rate is 15%.
The standard VAT rate in Latvia is 18%. There is also a reduced rate of 5%.
Latvia Income Tax 2006
JANUARY 2006
From 1.1.2006 the monthly personal free allowance is LVL 32, the monthly deduction for a dependant relative is LVL 22.
Latvia Tax 2004
JULY 2004
The government decided to reduce Latvia corporate income tax rate to 12.5%, as in Ireland.
The new rate is due by July 2006.
