The Sales Tax Rate in Latvia stands at 21 percent.

Sales Tax Rate in Latvia averaged 19.76 percent from 2000 until 2020, reaching an all time high of 22 percent in 2011 and a record low of 18 percent in 2001. This page provides - Latvia Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news. Latvia Sales Tax Rate - VAT - values, historical data and charts - was last updated on October of 2020.

Sales Tax Rate in Latvia is expected to reach 21.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Latvia Sales Tax Rate - VAT is projected to trend around 21.00 percent in 2021, according to our econometric models.

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Latvia Sales Tax Rate - VAT

Actual Previous Highest Lowest Dates Unit Frequency
21.00 21.00 22.00 18.00 2000 - 2020 percent Yearly

Latvia Taxes Last Previous Highest Lowest Unit
Corporate Tax Rate 20.00 20.00 29.00 15.00 percent [+]
Personal Income Tax Rate 31.40 31.40 31.40 23.00 percent [+]
Sales Tax Rate 21.00 21.00 22.00 18.00 percent [+]
Social Security Rate 35.09 35.09 35.09 33.09 percent [+]
Social Security Rate For Companies 24.09 24.09 24.09 23.59 percent [+]
Social Security Rate For Employees 11.00 11.00 11.00 9.00 percent [+]


Latvia Sales Tax Rate - VAT
In Latvia, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Latvia.