GE · AsiaLV · Europe
Georgia vs Latvia: tax rates compared
Latvia's income tax rate is 13pp higher than Georgia's (33% vs 20%). The 200-country average is 28%: Georgia sits below it, Latvia sits above it. Georgia's figure is dated 2026-04-01 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 | GE | LV | Difference |
|---|---|---|---|
| Income Tax | 20% | 33% | LV +13 pp |
| Corporate Tax | 15% | 20% | LV +5 pp |
| VAT | 18% | 21% | LV +3 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 |
|---|---|---|
| Georgia | 20% | Source: Tax Code of Georgia (Legislative Herald of Georgia / matsne.gov.ge), Article 81 · as of 2026-04-01 |
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Difference | −13 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Georgia | 15% | 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 | Latvia higher |
Latvia's corporate tax rate is 5pp higher than Georgia's (20% vs 15%). The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Georgia | 18% | Source: PWC Worldwide Tax Summaries — Georgia (Corporate, Other taxes) · as of 2026-01-21 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | −3 pp | Latvia higher |
Latvia's VAT rate is 3pp higher than Georgia's (21% vs 18%). The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Georgia | 0% | Source: Tax Code of Georgia (Legislative Herald of Georgia / matsne.gov.ge), Articles 81-82 · as of 2026-04-01 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | −25.5 pp | Latvia higher |
Latvia's capital gains tax rate is 25.5pp higher than Georgia's (25.5% vs 0%). The 175-country average is 10.3%: Georgia sits below it, Latvia sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Georgia | 0% | Source: Ministry of Finance of Georgia — Public Ruling No. 201 (28 June 2019), on the taxation of crypto-assets · as of 2019-06-28 |
| 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's crypto tax rate is 25.5pp higher than Georgia's (25.5% vs 0%). The 88-country average is 13%: Georgia sits below it, Latvia sits above it. Georgia's figure is dated 2019-06-28 and Latvia's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Georgia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-01-21 |
| 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 |
Georgia's wealth tax rate is identical to Latvia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.