HN · AmericasLV · Europe
Honduras vs Latvia: tax rates compared
Latvia has an income tax rate of 33%, 8pp above Honduras's 25%. The 200-country average is 28%: Honduras sits below it, Latvia sits above it. Honduras's figure is dated 2026-02-27 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 | HN | LV | Difference |
|---|---|---|---|
| Income Tax | 25% | 33% | LV +8 pp |
| Corporate Tax | 30% | 20% | HN +10 pp |
| VAT | 15% | 21% | LV +6 pp |
| Capital Gains Tax | 10% | 25.5% | LV +15.5 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Honduras | 25% | Source: PWC Worldwide Tax Summaries — Honduras (Individual, Taxes on personal income) · as of 2026-02-27 |
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Difference | −8 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Honduras | 30% | 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 | +10 pp | Honduras higher |
Honduras has a corporate tax rate of 30%, 10pp above Latvia's 20%. The 201-country average is 22.6%: Honduras sits above it, Latvia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Honduras | 15% | Source: PWC Worldwide Tax Summaries — Honduras (Corporate, Other taxes) · as of 2026-02-27 |
| 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 Honduras's 15%. The 181-country average is 15%: Honduras matches the world average, Latvia sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Honduras | 10% | Source: PWC Worldwide Tax Summaries — Honduras (Individual, Income determination) · as of 2026-02-27 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | −15.5 pp | Latvia higher |
Latvia has a capital gains tax rate of 25.5%, 15.5pp above Honduras's 10%. The 175-country average is 10.3%: Honduras sits below it, Latvia sits above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Honduras | 0% | Source: Servicio de Administración de Rentas (SAR), Honduras · 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 |
Honduras and Latvia share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: Crypto Tax.