Corporate Tax Comparison

Colombia vs Latvia

Compare Colombia 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 — Colombia: 4/05/2026 · Latvia: 4/04/2026

Base Country/Region

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Compare Corporate Tax

Colombia

Latvia

Basic Corporate Tax Comparison

PwC World Tax Summary OECD Statistics

Time of Update — Colombia: 4/05/2026 · Latvia: 4/04/2026

Corporate Income Tax (CIT)

Colombia

Latvia

General CIT Rate:

35 (surcharges may apply)

General CIT Rate:

20 (only payable when distributing profits).

CIT Return Due Date:

Between April and May, depending on the tax ID of each taxpayer.

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:

According to the type of taxpayer, the CIT payment may be due in April to May with the CIT declaration form, or it may be due in July as the third installment.

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:

Big taxpayers: 3 installments. Other taxpayers: 2 installments.

CIT Estimated Payment Due Date:

No estimated CIT payment.

Withholding Tax (WHT)

Colombia

Latvia

Resident Withholding Tax (Dividend/Interest/Royalty):

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

20/20/20

Non-Resident Withholding Tax (Dividend/Interest/Royalty):

0/0/0

Value-Added Tax (VAT)

Colombia

Latvia

General VAT Rate:

Learn More

Value-Added Tax (VAT)

General VAT Rate:

Learn More

Value-Added Tax (VAT)

Capital Gain Tax (CGT)

Colombia

Latvia

General Capital Gain Tax Rate:

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

Effective Tax Rate (ETR)

Colombia

Latvia

Composite Effective Average Tax Rate:

32.93%

Composite Effective Average Tax Rate:

17.00%

Composite Effective Marginal Tax Rate:

32.59%

Composite Effective Marginal Tax Rate:

0.00%

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