Latvia do not apply trigger rate.
A taxpayer shall include in their taxable base the part of the CFC profits (increase in asset value) which has been obtained from non-genuine arrangements of CFC`s and the corporate income tax rate is 20% (20/80) applicable to the taxable base. To avoid any double taxation, the taxpayer is entitled to adjust its tax base in amount of received dividends from CFC`s which was prior included.