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Guatemala vs Latvia: tax rates compared
Latvia's income tax rate is 26pp higher than Guatemala's (33% vs 7%). The 200-country average is 28%: Guatemala sits below it, Latvia sits above it. Guatemala's figure is dated 2026-06-09 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 | GT | LV | Difference |
|---|---|---|---|
| Income Tax | 7% | 33% | LV +26 pplargest gap |
| Corporate Tax | 25% | 20% | GT +5 pp |
| VAT | 12% | 21% | LV +9 pp |
| Capital Gains Tax | 10% | 25.5% | LV +15.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Guatemala | 7% | Source: PwC Worldwide Tax Summaries — Guatemala, Individual - Taxes on personal income · as of 2026-06-09 |
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Difference | −26 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Guatemala | 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 | Guatemala higher |
Guatemala's corporate tax rate is 5pp higher than Latvia's (25% vs 20%). The 201-country average is 22.6%: Guatemala sits above it, Latvia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Guatemala | 12% | Source: PWC Worldwide Tax Summaries — Guatemala (Corporate, Other taxes) · as of 2026-06-09 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | −9 pp | Latvia higher |
Latvia's VAT rate is 9pp higher than Guatemala's (21% vs 12%). The 181-country average is 15%: Guatemala sits below it, Latvia sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Guatemala | 10% | Source: PWC Worldwide Tax Summaries — Guatemala (Individual, Income determination) · as of 2026-06-09 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | −15.5 pp | Latvia higher |
Latvia's capital gains tax rate is 15.5pp higher than Guatemala's (25.5% vs 10%). The 175-country average is 10.3%: Guatemala sits below it, Latvia sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Guatemala | 0% | Source: PWC Worldwide Tax Summaries — Guatemala (Individual, Other taxes) · as of 2026-06-09 |
| 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 |
Guatemala's wealth tax rate is identical to Latvia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.