New Latvia 0% corporate tax - like Estonia

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KJK

Entrepreneur
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.
 

Martin Everson

Offshore Retiree
Staff member
Mentor Group Gold
Elite Member
Did anyone notice that Latvian companies now pay 0% corporate tax?

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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