Corporate income tax (CIT) - statutory and targeted small business in Latvia
Latvia: Corporate income tax (CIT) - statutory and targeted small business was 20 Percentage of taxable income in 2026. ▬ Flat
Latest (2026)
20 Percentage of taxable income
Change on year
unchanged
World rank
6th
of 9 countries
All-time high
25 Percentage of taxable income
in 2000
All-time low
15 Percentage of taxable income
in 2004
Years of data
27
2000–2026
Corporate income tax (CIT) - statutory and targeted small business in Latvia, 2000–2026
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
In 2026, corporate income tax (cit) - statutory and targeted small business in Latvia stood at 20 Percentage of taxable income.
Compared with earlier readings it is up 33.3% over ten years.
Over the whole period, corporate income tax (cit) - statutory and targeted small business in Latvia peaked at 25 Percentage of taxable income in 2000 and was at its lowest, 15 Percentage of taxable income, in 2004.
Corporate income tax (CIT) - statutory and targeted small business in Latvia, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2000 | 25 Percentage of taxable income | — |
| 2001 | 25 Percentage of taxable income | +0.0% |
| 2002 | 22 Percentage of taxable income | -12.0% |
| 2003 | 19 Percentage of taxable income | -13.6% |
| 2004 | 15 Percentage of taxable income | -21.1% |
| 2005 | 15 Percentage of taxable income | +0.0% |
| 2006 | 15 Percentage of taxable income | +0.0% |
| 2007 | 15 Percentage of taxable income | +0.0% |
| 2008 | 15 Percentage of taxable income | +0.0% |
| 2009 | 15 Percentage of taxable income | +0.0% |
| 2010 | 15 Percentage of taxable income | +0.0% |
| 2011 | 15 Percentage of taxable income | +0.0% |
| 2012 | 15 Percentage of taxable income | +0.0% |
| 2013 | 15 Percentage of taxable income | +0.0% |
| 2014 | 15 Percentage of taxable income | +0.0% |
| 2015 | 15 Percentage of taxable income | +0.0% |
| 2016 | 15 Percentage of taxable income | +0.0% |
| 2017 | 15 Percentage of taxable income | +0.0% |
| 2018 | 20 Percentage of taxable income | +33.3% |
| 2019 | 20 Percentage of taxable income | +0.0% |
| 2020 | 20 Percentage of taxable income | +0.0% |
| 2021 | 20 Percentage of taxable income | +0.0% |
| 2022 | 20 Percentage of taxable income | +0.0% |
| 2023 | 20 Percentage of taxable income | +0.0% |
| 2024 | 20 Percentage of taxable income | +0.0% |
| 2025 | 20 Percentage of taxable income | +0.0% |
| 2026 | 20 Percentage of taxable income | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18.1 Percentage of taxable income | 15 Percentage of taxable income | 25 Percentage of taxable income | 10 |
| 2010s | 16 Percentage of taxable income | 15 Percentage of taxable income | 20 Percentage of taxable income | 10 |
| 2020s | 20 Percentage of taxable income | 20 Percentage of taxable income | 20 Percentage of taxable income | 7 |
Countries ranked near Latvia
- 3 Türkiye 25 Percentage of taxable income compare
- 4 Slovenia 22 Percentage of taxable income compare
- 4 Estonia 22 Percentage of taxable income compare
- 6 Cabo Verde 20.4 Percentage of taxable income compare
- 6 Viet Nam 20 Percentage of taxable income compare
- 6 Brazil 34 Percentage of taxable income compare
- 7 Cameroon 33 Percentage of taxable income compare
- 7 Croatia 18 Percentage of taxable income compare
- 8 Poland 19 Percentage of taxable income compare
- 8 Moldova 12 Percentage of taxable income compare
- 8 Namibia 32 Percentage of taxable income compare
- 9 Germany 30.13 Percentage of taxable income compare
- 9 Lithuania 17 Percentage of taxable income compare
- 9 Anguilla 0 Percentage of taxable income
More economy & growth data for Latvia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.53 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.49 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 38.69 Percentage of GDP (2029)
- Index of digital trade integration and openness 0.1982 Index (2024)
- Index of digital trade integration and openness (INDIGO) — A. 0.0249 Index (2024)
- Index of digital trade integration and openness (INDIGO) — B. Openess 0.0123 Index (2024)
- Index of digital trade integration and openness (INDIGO) — E. Wider 0.0451 Index (2024)
- Index of digital trade integration and openness (INDIGO) — D. 0.0431 Index (2024)
- Index of digital trade integration and openness (INDIGO) — C. Trust 0.0727 Index (2024)
- Balanced trade in services 1.98 US dollars, exchange rate converted (2024)
Frequently asked questions
- What is corporate income tax (cit) - statutory and targeted small business in Latvia?
- Corporate income tax (cit) - statutory and targeted small business in Latvia was 20 Percentage of taxable income in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest corporate income tax (cit) - statutory and targeted small business recorded in Latvia?
- The highest recorded value was 25 Percentage of taxable income in 2000.
- What is the lowest corporate income tax (cit) - statutory and targeted small business recorded in Latvia?
- The lowest recorded value was 15 Percentage of taxable income in 2004.
- How does Latvia rank for corporate income tax (cit) - statutory and targeted small business?
- Latvia ranks 6th out of 9 countries with data for 2026.
- Is corporate income tax (cit) - statutory and targeted small business rising or falling in Latvia?
- Over the last ten years it is up 33.3%. The long-run trend across the full record is flat.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Corporate income tax (CIT) - statutory and targeted small business rates — Combined corporate income tax rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
Statutory and targeted, sub-central and combined corporate income tax (CIT) rates. Targeted rates of 'small incorporated business' are on the basis of size alone (e.g. number of employees, amount of assets, turnover or taxable income) and not on the basis of expenditures or other targeting criteria. Targeted rates data are only available for OECD member countries.