Latvia's tax rate on dividends is 20%. This means that if you receive a dividend from a Latvian company, you will be taxed at a rate of 20% on that dividend. The tax is withheld by the company that pays the dividend and is transferred to the Latvian State Revenue Service.
There are certain exemptions to this tax, such as for dividends paid by Latvian resident companies to other resident companies within the European Union or European Economic Area. Additionally, dividends paid by companies that have already paid corporate income tax in Latvia are exempt from this tax.
It's important to note that tax laws and rates can change, so it's always a good idea to consult with a tax professional for the most up-to-date and accurate information.
