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Bulgaria vs Latvia: tax rates compared
Latvia has an income tax rate of 33%, 23pp above Bulgaria's 10%. The 200-country average is 28%: Bulgaria sits below it, Latvia sits above it. Bulgaria's figure is dated 2026-01-30 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 | BG | LV | Difference |
|---|---|---|---|
| Income Tax | 10% | 33% | LV +23 pp |
| Corporate Tax | 10% | 20% | LV +10 pp |
| VAT | 20% | 21% | LV +1 pp |
| Capital Gains Tax | 0% | 25.5% | LV +25.5 pplargest gap |
| Crypto Tax | 10% | 25.5% | LV +15.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Bulgaria | 10% | Source: PWC Worldwide Tax Summaries — Bulgaria (Individual, Taxes on personal income) · as of 2026-01-30 |
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Difference | −23 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Bulgaria | 10% | 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 | Latvia higher |
Latvia has a corporate tax rate of 20%, 10pp above Bulgaria's 10%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Bulgaria | 20% | Source: PWC Worldwide Tax Summaries — Bulgaria (Corporate, Other taxes) · as of 2026-01-30 |
| 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 Bulgaria's 20%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Bulgaria | 0% | Source: PWC Worldwide Tax Summaries — Bulgaria (Individual, Income determination) · as of 2026-01-30 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | −25.5 pp | Latvia higher |
Latvia has a capital gains tax rate of 25.5%, 25.5pp above Bulgaria's 0%. The 175-country average is 10.3%: Bulgaria sits below it, Latvia sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Bulgaria | 10% | Source: Национална агенция за приходите / National Revenue Agency (Bulgaria) — Криптоактиви (virtual currencies FAQ) · as of 2026-07-19 |
| 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 Bulgaria's 10%. The 88-country average is 13%: Bulgaria sits below it, Latvia sits above it. Bulgaria's figure is dated 2026-07-19 and Latvia's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Bulgaria | 0% | Source: PWC Worldwide Tax Summaries — Bulgaria (Net wealth/worth tax rates) · as of 2026-01-30 |
| 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 |
Bulgaria and Latvia share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.