Corporate Tax Comparison

Costa Rica vs Latvia

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

Published — Costa Rica: 8/21/2024 · Latvia: 2/14/2024 · Time of Update — Costa Rica: 4/05/2026 · Latvia: 9/30/2026

Base Country/Region

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Compare Corporate Tax

Costa Rica

Latvia

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Published — Costa Rica: 8/21/2024 · Latvia: 2/14/2024 · Time of Update — Costa Rica: 4/05/2026 · Latvia: 9/30/2026

Corporate Income Tax (CIT)

Costa Rica

Latvia

General CIT Rate:

30%

General CIT Rate:

20 (only payable when distributing profits).

CIT Return Due Date:

CIT return is generally due by 15 March

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:

Final payment should also be made by 15 March

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:

Estimated CIT payments must be made quarterly, with 75% of the amount split equally among June, September, and December.

CIT Estimated Payment Due Date:

No estimated CIT payment.

Withholding Tax (WHT)

Costa Rica

Latvia

Resident Withholding Tax (Dividend/Interest/Royalty):

15/15/0

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

15/15/25

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

0/0/0

Value-Added Tax (VAT)

Costa Rica

Latvia

General VAT Rate:

Learn More Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Costa Rica

Latvia

General Capital Gain Tax Rate:

15% (2.25% under certain conditions)

General Capital Gain Tax Rate:

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

Effective Tax Rate (ETR)

Costa Rica

Latvia

Composite Effective Average Tax Rate:

28.24%

Composite Effective Average Tax Rate:

17.00%

Composite Effective Marginal Tax Rate:

26.12%

Composite Effective Marginal Tax Rate:

0.00%

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