GN · AfricaLV · Europe
Guinea vs Latvia: tax rates compared
Latvia's income tax rate is 13pp higher than Guinea's (33% vs 20%). The 200-country average is 28%: Guinea sits below it, Latvia sits above it. Guinea's figure is dated 2022-01-01 and Latvia's 2025-12-30, so the two rates come from different data vintages.
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 | GN | LV | Difference |
|---|---|---|---|
| Income Tax | 20% | 33% | LV +13 pplargest gap |
| Corporate Tax | 25% | 20% | GN +5 pp |
| VAT | 18% | 21% | LV +3 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Guinea | 20% | Source: Guinea Code Général des Impôts (Loi ordinaire L/2021/032/AN), Direction Générale des Impôts, Articles 63-64 · as of 2022-01-01 |
| 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 |
|---|---|---|
| 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 | Guinea higher |
Guinea's corporate tax rate is 5pp higher than Latvia's (25% vs 20%). The 201-country average is 22.6%: Guinea sits above it, Latvia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Guinea | 18% | Source: PwC — VAT and Indirect Taxes in Africa 2023, Guinea · as of 2023-01-28 |
| 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 Guinea's (21% vs 18%). The 181-country average is 15%: both sit above it. Guinea's figure is dated 2023-01-28 and Latvia's 2026-06-30, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Guinea | 0% | Source: Direction Générale des Impôts (DGI) Guinée — official site · as of 2026-07-18 |
| 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 |
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.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.