BR · AmericasLV · Europe
Brazil vs Latvia: tax rates compared
Between the two, Latvia's income tax rate (33%) tops Brazil's (27.5%) by 5.5pp. The 200-country average is 28%: Brazil sits below it, Latvia sits above it.
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 | BR | LV | Difference |
|---|---|---|---|
| Income Tax | 27.5% | 33% | LV +5.5 pp |
| Corporate Tax | 34% | 20% | BR +14 pplargest gap |
| Capital Gains Tax | 15% | 25.5% | LV +10.5 pp |
| Crypto Tax | 22.5% | 25.5% | LV +3 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Brazil | 27.5% | Source: PWC Worldwide Tax Summaries — Brazil (Individual, Taxes on personal income) · as of 2025-05-02 |
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Difference | −5.5 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Brazil | 34% | 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 | +14 pp | Brazil higher |
Between the two, Brazil's corporate tax rate (34%) tops Latvia's (20%) by 14pp. The 201-country average is 22.6%: Brazil sits above it, Latvia sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Brazil | 15% | Source: PWC Worldwide Tax Summaries — Brazil (Individual, Other taxes) · as of 2025-05-02 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | −10.5 pp | Latvia higher |
Between the two, Latvia's capital gains tax rate (25.5%) tops Brazil's (15%) by 10.5pp. The 175-country average is 10.3%: both sit above it. Brazil's figure is dated 2025-05-02 and Latvia's 2026-06-30, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Brazil | 22.5% | Source: Receita Federal — Perguntas e Respostas IRPF 2026 (Q.653 'Alienação de criptoativos' and Q.574 'Alíquotas aplicáveis à apuração do ganho de capital') · as of 2026-04-23 |
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Difference | −3 pp | Latvia higher |
Between the two, Latvia's crypto tax rate (25.5%) tops Brazil's (22.5%) by 3pp. The 88-country average is 13%: both sit above it. Brazil's figure is dated 2026-04-23 and Latvia's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Brazil | 0% | Source: PWC Worldwide Tax Summaries — Brazil (Individual, Other taxes) · as of 2025-05-02 |
| 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 — Brazil and Latvia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Brazil's figure is dated 2025-05-02 and Latvia's 2026-06-30, so the two rates come from different data vintages.
Not covered for both countries yet: VAT.