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Denmark vs Latvia: tax rates compared
Denmark's income tax rate is 22.9pp higher than Latvia's (55.9% vs 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 | DK | LV | Difference |
|---|---|---|---|
| Income Tax | 55.9% | 33% | DK +22.9 pp |
| Corporate Tax | 22% | 20% | DK +2 pp |
| VAT | 25% | 21% | DK +4 pp |
| Capital Gains Tax | 42% | 25.5% | DK +16.5 pp |
| Crypto Tax | 57% | 25.5% | DK +31.5 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Denmark | 55.9% | 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 | +22.9 pp | Denmark higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Denmark | 22% | 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 | +2 pp | Denmark higher |
Denmark's corporate tax rate is 2pp higher than Latvia's (22% vs 20%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Denmark | 25% | Source: PWC Worldwide Tax Summaries — Denmark (Corporate, Other taxes) · as of 2026-02-25 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | +4 pp | Denmark higher |
Denmark's VAT rate is 4pp higher than Latvia's (25% vs 21%). The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Denmark | 42% | Source: PwC Worldwide Tax Summaries — Denmark, Individual - Taxes on personal income · as of 2026-06-25 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | +16.5 pp | Denmark higher |
Denmark's capital gains tax rate is 16.5pp higher than Latvia's (42% vs 25.5%). The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Denmark | 57% | Source: Skattestyrelsen, Den juridiske vejledning C.C.2.1.3.3.5.1 — Generelt om krypto · 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 | +31.5 pp | Denmark higher |
Denmark's crypto tax rate is 31.5pp higher than Latvia's (57% vs 25.5%). The 88-country average is 13%: both sit above it. Denmark'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 |
|---|---|---|
| Denmark | 0% | Source: PWC Worldwide Tax Summaries — Denmark (Individual, Other taxes) · as of 2026-06-25 |
| 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 |
Denmark's wealth tax rate is identical to Latvia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.