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Doing Business Guide in the Baltics.

Tax rates in Latvia, Lithuania and Estonia 2012

5 April 2012
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Baltic country

  Latvia 

  Lithuania 

  Estonia 

Personal Income Tax rate

25 % (dividends - 10%)

15% (dividends - 20%)

21%

Value Added Tax rate

22%

21%

20%

Corporate Income Tax rate

15 %

15%

21% on gross dividends (tax is calculated on the net amount at the rate of  21/79); undistributed profits are not taxed

Social Tax rate

35,09% from which 24.09% is paid by employer and 11% by the employee

39,98% - 41,6%

33%

Land Tax rate

1,5%

1,5%

0.1 - 2.5%

Real Property Tax rate

1,5% + 0,2% - 0,6% for living premises

0,3 - 1%

 -

 

Personal Income Tax rate in Latvia: 25 % (dividends - 10%). Value Added Tax rate: 22%. Corporate Income Tax rate: 15 %. Social Tax rate: 35,09% from which 24.09% is paid by employer and 11% by the employee. Land Tax rate: 1,5%. Real Property Tax rate: 1,5% + 0,2% - 0,6% for living premises.

 

Personal Income Tax rate in Lithuania: 15% (dividends - 20%). Value Added Tax rate: 21%. Corporate Income Tax rate: 15 %. Social Tax rate: 39,98% - 41,6%. Land Tax rate: 1,5%. Real Property Tax rate: 0,3 - 1%.

 

Personal Income Tax rate in Estonia: 21% (dividends - 20%). Value Added Tax rate: 20%. Corporate Income Tax rate: 21% on gross dividends (tax is calculated on the net amount at the rate of  21/79); undistributed profits are not taxed. Social Tax rate: 33%. Land Tax rate: 0.1 - 2.5%. Real Property Tax rate: -

 

Download table "Tax rates in Latvia, Lithuania and Estonia 2012"

For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu


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The material contained here is not to be construed as legal advice or opinion.

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