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Corporate Income Tax from January 1st of 2018

November 03, 2017   •  13:56

Corporate Income Tax (CIT)

-        CIT is payable on distributed profits (including deemed profit distributions);

-        No CIT is payable on undistributed profits;

-        CIT is payable on net amount ;

-        CIT rate is 20% on the gross distributed amount or 20/80 on the net income;

-        In case of dividends distributed to individuals no personal income tax (PIT) apply;

-        CIT taxable period is 1 month.

 

 If you want to read more, please view the presentation: https://www.slideshare.net/InaraFuneaux/corporate-income-tax-in-latvia-2018?trk=v-feed