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Grenada vs Latvia: tax rates compared
Latvia has an income tax rate of 33%, 3pp above Grenada's 30%. The 200-country average is 28%: both sit above it. Grenada's figure is dated 2026-07-20 and Latvia's 2025-12-30, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | GD | LV | Difference |
|---|---|---|---|
| Income Tax | 30% | 33% | LV +3 pp |
| Corporate Tax | 28% | 20% | GD +8 pp |
| VAT | 15% | 21% | LV +6 pp |
| Capital Gains Tax | 0% | 25.5% | LV +25.5 pplargest gap |
| Crypto Tax | 0% | 25.5% | LV +25.5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 30% | Source: Grenada Ministry of Finance — All you need to know about Personal Income Tax · as of 2026-07-20 |
| 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 |
|---|---|---|
| Grenada | 28% | 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 | +8 pp | Grenada higher |
Grenada has a corporate tax rate of 28%, 8pp above Latvia's 20%. The 201-country average is 22.6%: Grenada sits above it, Latvia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Grenada | 15% | Source: Grenada Ministry of Finance — VAT and the Consumer · as of 2010-02-01 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | −6 pp | Latvia higher |
Latvia has a VAT rate of 21%, 6pp above Grenada's 15%. The 181-country average is 15%: Grenada matches the world average, Latvia sits above it. Grenada's figure is dated 2010-02-01 and Latvia's 2026-06-30, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · as of 2026-07-19 |
| 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 Grenada's 0%. The 175-country average is 10.3%: Grenada sits below it, Latvia sits above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Grenada | 0% | Source: Grenada Inland Revenue Division — Income Tax · 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 | −25.5 pp | Latvia higher |
Latvia has a crypto tax rate of 25.5%, 25.5pp above Grenada's 0%. The 88-country average is 13%: Grenada sits below it, Latvia sits above it. Grenada's figure is dated 2026-07-19 and Latvia's 2025-10-01, so the two rates come from different data vintages.
Not covered for both countries yet: Wealth Tax.