Latvia vs British Virgin Islands
Corporate Tax Comparison
Time of Update: Latvia: 4/04/2026 / British Virgin Islands: 4/04/2026
Compare Latvia and British Virgin Islands corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Latvia vs British Virgin Islands Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Latvia
British Virgin Islands
General CIT Rate:
20 (only payable when distributing profits).
General CIT Rate:
The British Virgin Islands does not impose a corporate income tax on businesses. This tax-free environment is a significant reason why the BVI is an attractive destination for international businesses https://tradecouncil.org/corporate-income-tax-in-the-british-virgin-islands/
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 Return Due Date:
N/A
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 Payment Due Date:
N/A
CIT Estimated Payment Due Date:
No estimated CIT payment.
CIT Estimated Payment Due Date:
N/A
Withholding Tax (WHT)
Latvia
British Virgin Islands
Resident Withholding Tax (Dividend/Interest/Royalty):
NA
Resident Withholding Tax (Dividend/Interest/Royalty):
0%
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0/0/0
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0%
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Latvia
British Virgin Islands
General Capital Gain Tax Rate:
Capital gains are constrained by the normal corporate income tax rate.
General Capital Gain Tax Rate:
0%
Effective Tax Rate (ETR)
Latvia
British Virgin Islands
Composite Effective Average Tax Rate:
17.00%
Composite Effective Average Tax Rate:
Composite Effective Marginal Tax Rate:
0.00%
Composite Effective Marginal Tax Rate:
