Denmark vs Latvia
Corporate Tax Comparison
Time of Update: Denmark: 4/05/2026 / Latvia: 4/04/2026
Compare Denmark and Latvia corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Denmark vs Latvia Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Denmark
Latvia
General CIT Rate:
22
General CIT Rate:
20 (only payable when distributing profits).
CIT Return Due Date:
In general, six months after the end of the fiscal year.
CIT Return Due Date:
The tax deadline is one month. If taxpayers are allowed to pre-order proof documents quarterly, the tax period is one quarter. If there is a tax base, the tax return should be submitted on or before the 20th day of each month (quarter).
CIT Payment Due Date:
Income for the next fiscal year was received on November 20th.
CIT Payment Due Date:
If there is a tax base, the tax payable should be paid on or before the 23rd day of the next tax filing period each month.
CIT Estimated Payment Due Date:
Two equal installments were made on March 20 and November 20. Additionally, extra taxes can be paid before February 1 of the following year of the income year.
CIT Estimated Payment Due Date:
No estimated CIT payment.
Withholding Tax (WHT)
Denmark
Latvia
Resident Withholding Tax (Dividend/Interest/Royalty):
0/27/22
Resident Withholding Tax (Dividend/Interest/Royalty):
NA
None-Resident Withholding Tax (Dividend/Interest/Royalty):
27/27/22
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0/0/0
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Denmark
Latvia
General Capital Gain Tax Rate:
Capital gains are constrained by the normal corporate income tax rate.
General Capital Gain Tax Rate:
Capital gains are constrained by the normal corporate income tax rate.
Effective Tax Rate (ETR)
Denmark
Latvia
Composite Effective Average Tax Rate:
20.36%
Composite Effective Average Tax Rate:
17.00%
Composite Effective Marginal Tax Rate:
14.22%
Composite Effective Marginal Tax Rate:
0.00%
