FI · EuropeLV · Europe
Finland vs Latvia: tax rates compared
Between the two, Finland's income tax rate (51.8%) tops Latvia's (33%) by 18.8pp. 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 | FI | LV | Difference |
|---|---|---|---|
| Income Tax | 51.8% | 33% | FI +18.8 pplargest gap |
| Corporate Tax | 20% | 20% | match |
| VAT | 25.5% | 21% | FI +4.5 pp |
| Capital Gains Tax | 34% | 25.5% | FI +8.5 pp |
| Crypto Tax | 34% | 25.5% | FI +8.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 51.8% | 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 | +18.8 pp | Finland higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 20% | 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 | 0 pp | displayed rates match |
There's no gap here — Finland and Latvia both post a corporate tax rate of 20%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Finland | 25.5% | Source: Finnish Tax Administration (Vero) — Rates of VAT · as of 2026-01-01 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | +4.5 pp | Finland higher |
Between the two, Finland's VAT rate (25.5%) tops Latvia's (21%) by 4.5pp. The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 34% | Source: PwC Worldwide Tax Summaries — Finland, Individual - Income determination · as of 2026-06-24 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | +8.5 pp | Finland higher |
Between the two, Finland's capital gains tax rate (34%) tops Latvia's (25.5%) by 8.5pp. The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 34% | Source: Vero (Finnish Tax Administration) — Virtual currencies · as of 2026-01-29 |
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Difference | +8.5 pp | Finland higher |
Between the two, Finland's crypto tax rate (34%) tops Latvia's (25.5%) by 8.5pp. The 88-country average is 13%: both sit above it. Finland's figure is dated 2026-01-29 and Latvia's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Finland | 0% | Source: PWC Worldwide Tax Summaries — Finland (Individual, Other taxes) · as of 2026-06-24 |
| 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 |
There's no gap here — Finland and Latvia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.