BS · AmericasLV · Europe
Bahamas vs Latvia: tax rates compared
Latvia's income tax rate is 33pp higher than Bahamas's (33% vs 0%). The 200-country average is 28%: Bahamas sits below it, Latvia sits above it. Bahamas's figure is dated 2026-02-24 and Latvia's 2025-12-30, so the two rates come from different data vintages.
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 | BS | LV | Difference |
|---|---|---|---|
| Income Tax | 0% | 33% | LV +33 pplargest gap |
| Corporate Tax | 0% | 20% | LV +20 pp |
| VAT | 10% | 21% | LV +11 pp |
| Capital Gains Tax | 0% | 25.5% | LV +25.5 pp |
| Crypto Tax | 0% | 25.5% | LV +25.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bahamas | 0% | Source: PWC Worldwide Tax Summaries — Bahamas, The (Individual, Taxes on personal income) · as of 2026-02-24 |
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Difference | −33 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Bahamas | 0% | 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 | −20 pp | Latvia higher |
Latvia's corporate tax rate is 20pp higher than Bahamas's (20% vs 0%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bahamas | 10% | Source: PWC Worldwide Tax Summaries — Bahamas (Corporate, Other taxes) · as of 2026-02-24 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | −11 pp | Latvia higher |
Latvia's VAT rate is 11pp higher than Bahamas's (21% vs 10%). The 181-country average is 15%: Bahamas sits below it, Latvia sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Bahamas | 0% | Source: PWC Worldwide Tax Summaries — Bahamas, The (Individual, Income determination) · as of 2026-02-24 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | −25.5 pp | Latvia higher |
Latvia's capital gains tax rate is 25.5pp higher than Bahamas's (25.5% vs 0%). The 175-country average is 10.3%: Bahamas sits below it, Latvia sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Bahamas | 0% | Source: PWC Worldwide Tax Summaries — Bahamas, The (Individual, Income determination) · as of 2026-02-24 |
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Difference | −25.5 pp | Latvia higher |
Latvia's crypto tax rate is 25.5pp higher than Bahamas's (25.5% vs 0%). The 88-country average is 13%: Bahamas sits below it, Latvia sits above it. Bahamas's figure is dated 2026-02-24 and Latvia's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Bahamas | 0% | Source: PWC Worldwide Tax Summaries — Bahamas, The (Net wealth/worth tax rates) · as of 2026-02-24 |
| 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 |
Bahamas's wealth tax rate is identical to Latvia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.