Corporate Tax Comparison

Bulgaria vs Latvia

Compare Bulgaria and Latvia corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Time of Update — Bulgaria: 4/01/2026 · Latvia: 4/04/2026

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Compare Corporate Tax

Bulgaria

Latvia

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Bulgaria: 4/01/2026 · Latvia: 4/04/2026

Corporate Income Tax (CIT)

Bulgaria

Latvia

General CIT Rate:

20 (only payable when distributing profits).

CIT Return Due Date:

March 1st to June 30th of the following 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:

June 30th of the following year

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:

Monthly or quarterly installment payments.

CIT Estimated Payment Due Date:

No estimated CIT payment.

Withholding Tax (WHT)

Bulgaria

Latvia

Resident Withholding Tax (Dividend/Interest/Royalty):

0 / 10 / 10

Resident Withholding Tax (Dividend/Interest/Royalty):

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

5/10/10

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

0/0/0

Value-Added Tax (VAT)

Bulgaria

Latvia

General VAT Rate:

Learn More

Value-Added Tax (VAT)

General VAT Rate:

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Bulgaria

Latvia

General Capital Gain Tax Rate:

Capital gains are generally subject to tax at the standard corporate income tax rate (10%); however, capital gains from listed securities traded on regulated markets in the EU/EEA and on equivalent qualifying markets are generally exempt.

General Capital Gain Tax Rate:

Capital gains are constrained by the normal corporate income tax rate.

Effective Tax Rate (ETR)

Bulgaria

Latvia

Composite Effective Average Tax Rate:

9.2%

Composite Effective Average Tax Rate:

17.00%

Composite Effective Marginal Tax Rate:

10%

Composite Effective Marginal Tax Rate:

0.00%

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