Latvia: Commercial tax rate

* indicates monthly or quarterly data series
 Latvia

Tax rate, percent of commercial profits

 Latest value 38.10
 Year 2019
 Measure percent
 Data availability 2005 - 2019
 Average 36.32
 Min - Max 35.00 - 38.10
 Source The World Bank (doing business survey)
The latest value from 2019 is 38.1 percent, an increase from 36 percent in 2018. In comparison, the world average is 40.53 percent, based on data from 184 countries. Historically, the average for Latvia from 2005 to 2019 is 36.32 percent. The minimum value, 35 percent, was reached in 2013 while the maximum of 38.1 percent was recorded in 2019. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Latvia - Commercial tax rate - Recent values chart

Historical series
Latvia - Commercial tax rate - historical chart - 2005-2019




Definition: Total tax rate measures the amount of taxes and mandatory contributions payable by businesses after accounting for allowable deductions and exemptions as a share of commercial profits. Taxes withheld (such as personal income tax) or collected and remitted to tax authorities (such as value added taxes, sales taxes or goods and service taxes) are excluded.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 19.72 2023 percent
 Government spending, in dollars 8.60 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -4.40 2022 percent
 Government debt 43.60 2023 percent
 Government expenditure 2.11 Q2/2024 billion
 Long-term interest rate 3.18 8/2024 percent
 Tax revenue 22.76 2022 percent
 Commercial tax rate 38.10 2019 percent
 Tax preparation time 169 2019 hours
 Number of taxes 7 2019 taxes
 Taxes on goods and services 65.75 2022 percent
 Taxes on international trade -0.01 2021 percent
 Income and profits taxes 12.11 2022 percent
 Foreign aid 161.81 2004 million U.S. dollars
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