BE · EuropeLV · Europe
Belgium vs Latvia: tax rates compared
Belgium has an income tax rate of 52.7%, 19.7pp above Latvia's 33%. 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 | BE | LV | Difference |
|---|---|---|---|
| Income Tax | 52.7% | 33% | BE +19.7 pplargest gap |
| Corporate Tax | 25% | 20% | BE +5 pp |
| VAT | 21% | 21% | match |
| Capital Gains Tax | 10% | 25.5% | LV +15.5 pp |
| Crypto Tax | 10% | 25.5% | LV +15.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Belgium | 52.7% | 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 | +19.7 pp | Belgium higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Belgium | 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 | Belgium higher |
Belgium has a corporate tax rate of 25%, 5pp above Latvia's 20%. The 201-country average is 22.6%: Belgium sits above it, Latvia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Belgium | 21% | Source: PWC Worldwide Tax Summaries — Belgium (Corporate, Other taxes) · as of 2026-02-13 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | 0 pp | displayed rates match |
Belgium and Latvia share the same VAT rate: 21%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Belgium | 10% | Source: KPMG TaxNewsFlash — Belgium: New capital gains tax approved by Parliament · as of 2026-01-01 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | −15.5 pp | Latvia higher |
Latvia has a capital gains tax rate of 25.5%, 15.5pp above Belgium's 10%. The 175-country average is 10.3%: Belgium sits below it, Latvia sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Belgium | 10% | Source: PwC Belgium — Belgium's comprehensive capital gains tax changes: key updates and implications starting January 2026 · as of 2025-12-19 |
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Difference | −15.5 pp | Latvia higher |
Latvia has a crypto tax rate of 25.5%, 15.5pp above Belgium's 10%. The 88-country average is 13%: Belgium sits below it, Latvia sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Belgium | 0% | Source: PWC Worldwide Tax Summaries — Belgium (Individual, Other taxes) · as of 2026-02-13 |
| 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 |
Belgium and Latvia share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.