AU · OceaniaLV · Europe
Australia vs Latvia: tax rates compared
Between the two, Australia's income tax rate (47%) tops Latvia's (33%) by 14pp. The 200-country average is 28%: both sit above it.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | AU | LV | Difference |
|---|---|---|---|
| Income Tax | 47% | 33% | AU +14 pp |
| Corporate Tax | 30% | 20% | AU +10 pp |
| VAT | 10% | 21% | LV +11 pp |
| Capital Gains Tax | 45% | 25.5% | AU +19.5 pplargest gap |
| Crypto Tax | 45% | 25.5% | AU +19.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Australia | 47% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Difference | +14 pp | Australia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Australia | 30% | 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 | Australia higher |
Between the two, Australia's corporate tax rate (30%) tops Latvia's (20%) by 10pp. The 201-country average is 22.6%: Australia sits above it, Latvia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Australia | 10% | Source: PWC Worldwide Tax Summaries — Australia (Corporate, Other taxes) · as of 2026-06-30 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | −11 pp | Latvia higher |
Between the two, Latvia's VAT rate (21%) tops Australia's (10%) by 11pp. The 181-country average is 15%: Australia sits below it, Latvia sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Australia | 45% | Source: PWC Worldwide Tax Summaries — Australia (Individual, Taxes on personal income) · as of 2026-06-30 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | +19.5 pp | Australia higher |
Between the two, Australia's capital gains tax rate (45%) tops Latvia's (25.5%) by 19.5pp. The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Australia | 45% | Source: Australian Taxation Office — How to work out and report CGT on crypto · as of 2026-06-22 |
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Difference | +19.5 pp | Australia higher |
Between the two, Australia's crypto tax rate (45%) tops Latvia's (25.5%) by 19.5pp. The 88-country average is 13%: both sit above it. Australia's figure is dated 2026-06-22 and Latvia's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Australia | 0% | Source: PWC Worldwide Tax Summaries — Australia (Net wealth/worth tax rates) · as of 2026-06-30 |
| Latvia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Australia and Latvia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.