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El Salvador vs Latvia: tax rates compared
Latvia has an income tax rate of 33%, 3pp above El Salvador's 30%. The 200-country average is 28%: both sit above it. El Salvador's figure is dated 2026-02-26 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 | SV | LV | Difference |
|---|---|---|---|
| Income Tax | 30% | 33% | LV +3 pp |
| Corporate Tax | 30% | 20% | SV +10 pp |
| VAT | 13% | 21% | LV +8 pp |
| Capital Gains Tax | 0% | 25.5% | LV +25.5 pplargest gap |
| Crypto Tax | 0% | 25.5% | LV +25.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| El Salvador | 30% | Source: PWC Worldwide Tax Summaries — El Salvador (Individual, Taxes on personal income) · as of 2026-02-26 |
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Difference | −3 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| El Salvador | 30% | 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 | El Salvador higher |
El Salvador has a corporate tax rate of 30%, 10pp above Latvia's 20%. The 201-country average is 22.6%: El Salvador sits above it, Latvia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| El Salvador | 13% | Source: PWC Worldwide Tax Summaries — El Salvador (Corporate, Other taxes) · as of 2026-02-26 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | −8 pp | Latvia higher |
Latvia has a VAT rate of 21%, 8pp above El Salvador's 13%. The 181-country average is 15%: El Salvador sits below it, Latvia sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| El Salvador | 0% | Source: PWC Worldwide Tax Summaries — El Salvador (Individual, Income determination) · as of 2026-02-26 |
| 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 El Salvador's 0%. The 175-country average is 10.3%: El Salvador sits below it, Latvia sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| El Salvador | 0% | Source: Asamblea Legislativa de El Salvador — Decreto Legislativo No. 199 (reform to the Bitcoin Law) · as of 2025-01-30 |
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Difference | −25.5 pp | Latvia higher |
Latvia has a crypto tax rate of 25.5%, 25.5pp above El Salvador's 0%. The 88-country average is 13%: El Salvador sits below it, Latvia sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| El Salvador | 0% | Source: PWC Worldwide Tax Summaries — El Salvador (Individual, Other taxes) · as of 2026-02-26 |
| 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 |
El Salvador and Latvia share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.