New Latvia 0% corporate tax - like Estonia

[blockchain4ever]

Did anyone notice that Latvian companies now pay 0% corporate tax?

 

[blockchain4ever]

More information: New corporate income tax in Latvia. How to benefit from it?

 

[KJK]

It's not as straightforward as it sounds.

For local individual shareholders, the new tax is more beneficial since they do not pay dividend tax anymore. The new tax rate is 20% of the gross dividends instead of previous 15 % Latvian corporate income tax and 10% personal income tax.
Click to expand...

 

[Martin Everson]

blockchain4ever said:
Did anyone notice that Latvian companies now pay 0% corporate tax?
Click to expand...

So now have had Georgia, Estonia and Latvia move to this system of taxation i.e only at point of distribution. It actually makes sense to do things this way. Hopefully more countries will follow but unfortunately this model only favors smaller economies not huge welfare states smi(&%

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[realcat]

I hope it stays this way, Latvia changes their taxation laws very regularly.