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Colombia vs Latvia: tax rates compared
Colombia has an income tax rate of 39%, 6pp 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 | CO | LV | Difference |
|---|---|---|---|
| Income Tax | 39% | 33% | CO +6 pp |
| Corporate Tax | 35% | 20% | CO +15 pplargest gap |
| VAT | 19% | 21% | LV +2 pp |
| Capital Gains Tax | 15% | 25.5% | LV +10.5 pp |
| Crypto Tax | 15% | 25.5% | LV +10.5 pp |
| Wealth Tax | 1.5% | 0% | CO +1.5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 39% | 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 | +6 pp | Colombia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 35% | 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 | +15 pp | Colombia higher |
Colombia has a corporate tax rate of 35%, 15pp above Latvia's 20%. The 201-country average is 22.6%: Colombia sits above it, Latvia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Colombia | 19% | Source: PWC Worldwide Tax Summaries — Colombia (Corporate, Other taxes) · as of 2026-01-23 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | −2 pp | Latvia higher |
Latvia has a VAT rate of 21%, 2pp above Colombia's 19%. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 15% | Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | −10.5 pp | Latvia higher |
Latvia has a capital gains tax rate of 25.5%, 10.5pp above Colombia's 15%. The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 15% | Source: DIAN (Dirección de Impuestos y Aduanas Nacionales) — Concepto Unificado sobre Criptoactivos (100202208-1621) · as of 2023-10-17 |
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Difference | −10.5 pp | Latvia higher |
Latvia has a crypto tax rate of 25.5%, 10.5pp above Colombia's 15%. The 88-country average is 13%: both sit above it. Colombia's figure is dated 2023-10-17 and Latvia's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Colombia | 1.5% | Source: PWC Worldwide Tax Summaries — Colombia (Individual, Other taxes) · as of 2026-01-23 |
| Latvia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30 |
| Difference | +1.5 pp | Colombia higher |
Colombia has a wealth tax rate of 1.5%, 1.5pp above Latvia's 0%. The 193-country average is 0.1%: Colombia sits above it, Latvia sits below it.