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
