Beneficial owners – Latvia
The following types of beneficial owner are recognised for tax purposes in Latvia
Government bonds | |
Beneficial owner | Tax Rate |
Non-resident legal entity | 0% |
Non-resident legal entity resident in a tax heaven country | 20% |
Non-resident individual | 0% |
Non-resident individual resident in a tax heaven country | 25,5% |
Latvian resident legal entity (interest included in the corporate income subject to corporate income tax) | 0% |
Latvian individual | 0% |
Corporate bonds | |
Beneficial owner | Tax Rate |
Non-resident legal entity | 0% |
Non-resident legal entity resident in a tax haven country | 25,5% |
Non-resident individual (if it constitutes interest from publicly traded financial instruments) | 0% |
Non-resident individual, if:
| 20% |
Latvian resident legal entity (interest included in thec corporate income subject to corporate income tax) | 0% |
Latvian individual | 25,5% |
Equities | ||
Beneficial owner | Tax Rate | |
Latvian resident legal entity | 0% | |
Non-resident legal entity | 0% | |
Non-resident legal entity resident in a tax haven country | 20% | |
Latvian individual | Profits earned prior 31 December 2017 | 25,5% |
Profits earned after 31 December 2017 included in the income subject to corporate income tax | 0% | |
Profits earned after 31 December 2017 not included in the income subject to corporate income tax | 25.5% | |
Non-resident individual | Profits earned prior 31 December 2017 (for residents in a tax haven country) | 25,5% |
Profits earned after 31 December 2017 included in the income subject to corporate income tax | 0% | |
Profits earned after 31 December 2017 notincluded in the income subject to corporate income tax | 25,5% |
Investment funds | |
Beneficial owner | Tax Rate |
Non-resident legal entity | 0% |
Non-resident legal entity resident in a tax haven country | 20% |
Non-resident individual (profits earned after 31 December 2017) | 0% |
Non-resident individual, if: - resident in a tax haven country; or - profits earned prior 31 December 2017 paid in 2020 and afterwards) | 20% |
Latvian resident legal entity | 0% |
Latvian individual (profits earned after 31 December 2017) | 0% |
Latvian individual (profits earned prior 31 December 2017 paid in 2020 and afterwards) | 20% |