BY · EuropeLV · Europe
Belarus vs Latvia: tax rates compared
Latvia has an income tax rate of 33%, 3pp above Belarus's 30%. The 200-country average is 28%: both sit above it. Belarus's figure is dated 2026-01-01 and Latvia's 2025-12-30, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | BY | LV | Difference |
|---|---|---|---|
| Income Tax | 30% | 33% | LV +3 pp |
| Corporate Tax | 25% | 20% | BY +5 pp |
| VAT | 20% | 21% | LV +1 pp |
| Capital Gains Tax | 13% | 25.5% | LV +12.5 pplargest gap |
| Crypto Tax | 13% | 25.5% | LV +12.5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Belarus | 30% | Source: Official Internet Portal of the President of the Republic of Belarus — "Aleksandr Lukashenko approves changes to tax legislation" · as of 2026-01-01 |
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Difference | −3 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Belarus | 25% | 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 | +5 pp | Belarus higher |
Belarus has a corporate tax rate of 25%, 5pp above Latvia's 20%. The 201-country average is 22.6%: Belarus sits above it, Latvia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Belarus | 20% | Source: Tax Code of the Republic of Belarus (Special Part), Article 122 — consolidated text via pravo.by, linked from the Ministry of Taxes and Duties' official site · as of 2026-07-19 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | −1 pp | Latvia higher |
Latvia has a VAT rate of 21%, 1pp above Belarus's 20%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Belarus | 13% | Source: Republic of Belarus — Tax Code (Special Part), Ministry of Finance consolidated text (Art. 160: tax base for income from securities transactions; Art. 173: personal income tax rates) · as of 2026-07-19 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | −12.5 pp | Latvia higher |
Latvia has a capital gains tax rate of 25.5%, 12.5pp above Belarus's 13%. The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Belarus | 13% | Source: Belarus Ministry of Taxes and Duties (MNS) — Clarification on the taxation of individuals' income from token transactions · as of 2025-08-26 |
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Difference | −12.5 pp | Latvia higher |
Latvia has a crypto tax rate of 25.5%, 12.5pp above Belarus's 13%. The 88-country average is 13%: Belarus matches the world average, Latvia sits above it.
Not covered for both countries yet: Wealth Tax.