What are the general Corporate Income Tax (CIT) rates in Romania and Latvia?

For Romania: 16. For Latvia: 20 (only payable when distributing profits)..

When are the Corporate Income Tax (CIT) payments due in Romania and Latvia?

For Romania: The final payment of CIT is usually due on the 25th of the third month after the end of the company's fiscal year.. For Latvia: 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..

What are the resident Withholding Tax (WHT) rates in Romania and Latvia?

For Romania: 16/NA/NA. For Latvia: NA.

What are the non-resident Withholding Tax (WHT) rates in Romania and Latvia?

For Romania: 16/16/16. For Latvia: 0/0/0.

What are the general VAT rates in Romania and Latvia?

For Romania: 21. For Latvia: 21.

What are the Capital Gain Tax (CGT) rates in Romania and Latvia?

For Romania: Capital gains are constrained by the normal corporate income tax rate.. For Latvia: Capital gains are constrained by the normal corporate income tax rate..

What are the Composite Effective Average Tax Rates in Romania and Latvia?

For Romania: 14.41%. For Latvia: 17.00%.

What are the Composite Effective Marginal Tax Rates in Romania and Latvia?

For Romania: 6.41%. For Latvia: 0.00%.

Corporate Tax Comparison

Romania vs Latvia

Q: When are the Corporate Income Tax (CIT) returns due in Romania and Latvia?

For Romania: If the accounting year is equal to the calendar year, the annual CIT declaration form should be due by March 25 of the following year; for cases where the accounting year is different from the calendar year, the annual CIT declaration form should be due on the 25th day of the third month after the end of the company's accounting year. Quarterly CIT declaration forms should be submitted by the 25th day of the next month for the first, second, and third quarters.. For Latvia: 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)..

Q: When are the Corporate Income Tax (CIT) estimated payments due in Romania and Latvia?

For Romania: Quarterly installments should be paid by the 25th of the first month after the first, second, and third quarters.. For Latvia: No estimated CIT payment..

Compare Romania and Latvia corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.

Time of Update — Romania: 6/12/2026 · Latvia: 4/04/2026

Base Country/Region

Compare Country/Region

Compare Corporate Tax

Romania

Latvia

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Romania: 6/12/2026 · Latvia: 4/04/2026

Corporate Income Tax (CIT)

Romania

Latvia

General CIT Rate:

20 (only payable when distributing profits).

CIT Return Due Date:

If the accounting year is equal to the calendar year, the annual CIT declaration form should be due by March 25 of the following year; for cases where the accounting year is different from the calendar year, the annual CIT declaration form should be due on the 25th day of the third month after the end of the company's accounting year. Quarterly CIT declaration forms should be submitted by the 25th day of the next month for the first, second, and third quarters.

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 final payment of CIT is usually due on the 25th of the third month after the end of the company's fiscal 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:

Quarterly installments should be paid by the 25th of the first month after the first, second, and third quarters.

CIT Estimated Payment Due Date:

No estimated CIT payment.

Withholding Tax (WHT)

Romania

Latvia

Resident Withholding Tax (Dividend/Interest/Royalty):

16/NA/NA

Resident Withholding Tax (Dividend/Interest/Royalty):

None-Resident Withholding Tax (Dividend/Interest/Royalty):

16/16/16

None-Resident Withholding Tax (Dividend/Interest/Royalty):

0/0/0

Value-Added Tax (VAT)

Romania

Latvia

General VAT Rate:

Learn More

Value-Added Tax (VAT)

General VAT Rate:

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Romania

Latvia

General Capital Gain Tax Rate:

Capital gains are constrained by the normal corporate income tax rate.

General Capital Gain Tax Rate:

Capital gains are constrained by the normal corporate income tax rate.

Effective Tax Rate (ETR)

Romania

Latvia

Composite Effective Average Tax Rate:

14.41%

Composite Effective Average Tax Rate:

17.00%

Composite Effective Marginal Tax Rate:

6.41%

Composite Effective Marginal Tax Rate:

0.00%

A Full-Service Consulting Firm Backs You Up

TKEG Expat is your trusted overseas business partner. We are the retail consulting department of THE KEITH &EVEN GROUP, a Hong Kong-based global consulting agency with access to 50 markets, covering approximately 72 percent of global GDP.
With its strategic advantages, we can connect customers to opportunities worldwide and serve them in 21 industries.

Learn More About THE KEITH & EVEN GROUP >

Romania vs Latvia

Corporate Income Tax (CIT)

Withholding Tax (WHT)

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Effective Tax Rate (ETR)

A Full-Service Consulting Firm Backs You Up

Do You Represent A Big Corporation Or Already Have 10 Million USD In Revenue?