Latvia » Taxes

Social Tax	Income Tax	VAT	Capital Gains Tax

Social Tax

Expatriates working in Latvia have to pay social tax from remuneration.

Income Tax

A property owned by a company and generating an income is subject to a tax of 15%. A resident is subject to a 25% income tax based on the amount of income earned in Latvia.

VAT

Residential rentals and sales are subject to 18% GST.

Capital Gains Tax

There is no capital gains tax on properties that have been privately owned for more than a year. If owned for less than a year the capital gains tax is 25%.