Paying taxes: Profit tax in Latvia
Latvia: Paying taxes: Profit tax was 7.8% in 2019. ▬ Flat
Paying taxes: Profit tax in Latvia, 2005–2019
Source: World Bank. Measured in % of profits.
Analysis
Latvia recorded 7.8% for paying taxes: profit tax in 2019. That is the highest value across all 15 years on record.
That represents a change of up 21.9% on the previous year and up 18.2% over ten years.
Over the whole period, paying taxes: profit tax in Latvia peaked at 7.8% in 2019 and was at its lowest, 4.8%, in 2012.
That places Latvia 156th out of 190 countries with data for 2019, putting it in the bottom quarter.
Paying taxes: Profit tax in Latvia, year by year
| Year | % of profits | Change |
|---|---|---|
| 2005 | 6.8% | — |
| 2006 | 6.8% | +0.0% |
| 2007 | 6.8% | +0.0% |
| 2008 | 6.7% | -1.5% |
| 2009 | 6.6% | -1.5% |
| 2010 | 6.6% | +0.0% |
| 2011 | 6.1% | -7.6% |
| 2012 | 4.8% | -21.3% |
| 2013 | 4.9% | +2.1% |
| 2014 | 4.9% | +0.0% |
| 2015 | 6.3% | +28.6% |
| 2016 | 6.3% | +0.0% |
| 2017 | 6.3% | +0.0% |
| 2018 | 6.4% | +1.6% |
| 2019 | 7.8% | +21.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.7% | 6.6% | 6.8% | 5 |
| 2010s | 6.0% | 4.8% | 7.8% | 10 |
Countries ranked near Latvia
More reference data data for Latvia
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.128 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0503 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.4657 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0673 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.4657 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4291 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2986 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2679 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 2.27 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.3666 (2050)
Frequently asked questions
- What is paying taxes: profit tax in Latvia?
- Paying taxes: profit tax in Latvia was 7.8% in 2019, according to the World Bank.
- What is the highest paying taxes: profit tax recorded in Latvia?
- The highest recorded value was 7.8% in 2019.
- What is the lowest paying taxes: profit tax recorded in Latvia?
- The lowest recorded value was 4.8% in 2012.
- How does Latvia rank for paying taxes: profit tax?
- Latvia ranks 156th out of 190 countries with data for 2019.
- Is paying taxes: profit tax rising or falling in Latvia?
- Over the last ten years it is up 18.2%. The long-run trend across the full record is flat.
- Where does this Latvia data come from?
- The figures come from the World Bank, published as part of Paying taxes: Profit tax (% of profits). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.