AD · EuropeLV · Europe
Andorra vs Latvia: tax rates compared
Between the two, Latvia's income tax rate (33%) tops Andorra's (10%) by 23pp. The 200-country average is 28%: Andorra sits below it, Latvia sits above it. Andorra's figure is dated 2023-01-19 and Latvia's 2025-12-30, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | AD | LV | Difference |
|---|---|---|---|
| Income Tax | 10% | 33% | LV +23 pp |
| Corporate Tax | 10% | 20% | LV +10 pp |
| VAT | 4.5% | 21% | LV +16.5 pp |
| Capital Gains Tax | 0% | 25.5% | LV +25.5 pplargest gap |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Andorra | 10% | Source: Consell General (Parliament of Andorra) — Llei 5/2023, del 19 de gener, de mesures per a la reforma de la imposició directa · as of 2023-01-19 |
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Difference | −23 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Andorra | 10% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −10 pp | Latvia higher |
Between the two, Latvia's corporate tax rate (20%) tops Andorra's (10%) by 10pp. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Andorra | 4.5% | Source: Butlletí Oficial del Principat d'Andorra (BOPA) — Llei 11/2012, de l'impost general indirecte (text refós) · as of 2014-07-30 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | −16.5 pp | Latvia higher |
Between the two, Latvia's VAT rate (21%) tops Andorra's (4.5%) by 16.5pp. The 181-country average is 15%: Andorra sits below it, Latvia sits above it. Andorra's figure is dated 2014-07-30 and Latvia's 2026-06-30, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Andorra | 0% | Source: Consell General (Andorra) — Butlletí Oficial del Principat d'Andorra (BOPA), Llei 5/2023, del 19 de gener, amending the Personal Income Tax Law (Llei 5/2014), Article 5(k) · as of 2023-01-19 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | −25.5 pp | Latvia higher |
Between the two, Latvia's capital gains tax rate (25.5%) tops Andorra's (0%) by 25.5pp. The 175-country average is 10.3%: Andorra sits below it, Latvia sits above it. Andorra's figure is dated 2023-01-19 and Latvia's 2026-06-30, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax, Wealth Tax.