Thailand vs Latvia
Corporate Tax Comparison
Time of Update: Thailand: 4/04/2026 / Latvia: 4/04/2026
Compare Thailand and Latvia corporate tax rates, filing due dates, withholding tax, VAT, capital gains tax, and effective tax metrics for cross-border company planning.
Thailand vs Latvia Corporate Tax Comparison
Basic Corporate Tax Comparison
Corporate Income Tax (CIT)
Thailand
Latvia
General CIT Rate:
20%
General CIT Rate:
20 (only payable when distributing profits).
CIT Return Due Date:
settled within the same 150-day period
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:
settled within the same 150-day period
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:
due two months after the close of the first six months of the company's accounting period
CIT Estimated Payment Due Date:
No estimated CIT payment.
Withholding Tax (WHT)
Thailand
Latvia
Resident Withholding Tax (Dividend/Interest/Royalty):
0/10/3
Resident Withholding Tax (Dividend/Interest/Royalty):
NA
None-Resident Withholding Tax (Dividend/Interest/Royalty):
10/15/15
None-Resident Withholding Tax (Dividend/Interest/Royalty):
0/0/0
Value-Added Tax (VAT)
Capital Gain Tax (CGT)
Thailand
Latvia
General Capital Gain Tax Rate:
Capital gains are subject to the normal CIT rate.
General Capital Gain Tax Rate:
Capital gains are constrained by the normal corporate income tax rate.
Effective Tax Rate (ETR)
Thailand
Latvia
Composite Effective Average Tax Rate:
19.61%
Composite Effective Average Tax Rate:
17.00%
Composite Effective Marginal Tax Rate:
21.74%
Composite Effective Marginal Tax Rate:
0.00%
