GQ · AfricaLV · Europe
Equatorial Guinea vs Latvia: tax rates compared
Latvia's income tax rate is 8pp higher than Equatorial Guinea's (33% vs 25%). The 200-country average is 28%: Equatorial Guinea sits below it, Latvia sits above it.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GQ | LV | Difference |
|---|---|---|---|
| Income Tax | 25% | 33% | LV +8 pplargest gap |
| Corporate Tax | 25% | 20% | GQ +5 pp |
| VAT | 15% | 21% | LV +6 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 25% | Source: PwC Worldwide Tax Summaries — Equatorial Guinea, Individual - Taxes on personal income · as of 2025-11-21 |
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Difference | −8 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 25% | 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 | +5 pp | Equatorial Guinea higher |
Equatorial Guinea's corporate tax rate is 5pp higher than Latvia's (25% vs 20%). The 201-country average is 22.6%: Equatorial Guinea sits above it, Latvia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 15% | Source: PWC Worldwide Tax Summaries — Equatorial Guinea (Corporate, Other taxes) · as of 2025-11-21 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | −6 pp | Latvia higher |
Latvia's VAT rate is 6pp higher than Equatorial Guinea's (21% vs 15%). The 181-country average is 15%: Equatorial Guinea matches the world average, Latvia sits above it. Equatorial Guinea's figure is dated 2025-11-21 and Latvia's 2026-06-30, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Equatorial Guinea | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2025-11-21 |
| 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 |
Equatorial Guinea's wealth tax rate is identical to Latvia's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Equatorial Guinea's figure is dated 2025-11-21 and Latvia's 2026-06-30, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.