Key implementation point
Distribution-based CIT (same as Estonia): QDMTT enacted to impose annual top-up on undistributed retained profits.
Implementation detail
- 01 Latvia has the same distribution-based CIT system as Estonia — corporate tax due only on profit distributions.
- 02 Same GloBE tension as Estonia: near-zero annual covered taxes under standard regime.
- 03 Latvia enacted QDMTT specifically to address the GloBE interaction, collecting top-up on undistributed profits annually.
- 04 VID (State Revenue Service) issued guidance.
Enacted legislation
Uzņēmumu ienākuma nodokļa likums (grozījumi)
Official sources & further reading
Track Latvia rules against your live MNE
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