Corporate Tax Comparison

Belgium vs Latvia

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

Published — Belgium: 2/14/2024 · Latvia: 2/14/2024 · Time of Update — Belgium: 9/30/2026 · Latvia: 9/30/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Belgium

Latvia

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Belgium: 2/14/2024 · Latvia: 2/14/2024 · Time of Update — Belgium: 9/30/2026 · Latvia: 9/30/2026

Corporate Income Tax (CIT)

Belgium

Latvia

General CIT Rate:

20 (only payable when distributing profits).

CIT Return Due Date:

The tax return must be filed by 30 September of the tax year for financial years ending between 31 December of the previous year and the last day of February of the tax year; in other cases, by the last day of the seventh month after the end of the financial year. The deadline can be extended for serious reasons or force majeure.

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. The return is filed by the 20th day of the month after each tax period; a period with no taxable object needs no return, except the one covering the last month of the financial year, which is always filed.

CIT Payment Due Date:

Under normal circumstances, within two months of issuing the assessment notice.

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:

(Optional) Quarterly installment payments.

CIT Estimated Payment Due Date:

No estimated CIT payment.

Withholding Tax (WHT)

Belgium

Latvia

Resident Withholding Tax (Dividend/Interest/Royalty):

30/30/30

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

30/30/30

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

0/0/0

Value-Added Tax (VAT)

Belgium

Latvia

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Belgium

Latvia

General Capital Gain Tax Rate:

Capital gains are subject to the normal CIT rate (except capital gains on shares under certain conditions)：25%.

General Capital Gain Tax Rate:

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

Effective Tax Rate (ETR)

Belgium

Latvia

Composite Effective Average Tax Rate:

25%

Composite Effective Average Tax Rate:

17.00%

Composite Effective Marginal Tax Rate:

18%-19%

Composite Effective Marginal Tax Rate:

0.00%

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