Portugal vs Latvia
Corporate Tax Comparison
Time of Update: Portugal: 4/04/2026 / Latvia: 4/04/2026
Compare Portugal and Latvia corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Portugal vs Latvia Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Portugal
Latvia
General CIT Rate:
21
General CIT Rate:
20 (only payable when distributing profits).
CIT Return Due Date:
The last day of the fifth month after the end of the tax 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:
The last day of the fifth month after the end of the tax 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:
Three-stage installment payments due in July, September, and December (if the tax year corresponds to the calendar year). Under certain conditions, the final installment payment may be waived.
CIT Estimated Payment Due Date:
No estimated CIT payment.
Withholding Tax (WHT)
Portugal
Latvia
Resident Withholding Tax (Dividend/Interest/Royalty):
25/25/25
Resident Withholding Tax (Dividend/Interest/Royalty):
NA
None-Resident Withholding Tax (Dividend/Interest/Royalty):
25/0-25/25
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0/0/0
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Portugal
Latvia
General Capital Gain Tax Rate:
25 (same as the normal CIT rate for corporations)
General Capital Gain Tax Rate:
Capital gains are constrained by the normal corporate income tax rate.
Effective Tax Rate (ETR)
Portugal
Latvia
Composite Effective Average Tax Rate:
28.42%
Composite Effective Average Tax Rate:
17.00%
Composite Effective Marginal Tax Rate:
16.01%
Composite Effective Marginal Tax Rate:
0.00%
