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Hungary vs Latvia: tax rates compared
Between the two, Latvia's income tax rate (33%) tops Hungary's (15%) by 18pp. The 200-country average is 28%: Hungary sits below it, Latvia sits above it.
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 | HU | LV | Difference |
|---|---|---|---|
| Income Tax | 15% | 33% | LV +18 pplargest gap |
| Corporate Tax | 9% | 20% | LV +11 pp |
| VAT | 27% | 21% | HU +6 pp |
| Capital Gains Tax | 15% | 25.5% | LV +10.5 pp |
| Crypto Tax | 15% | 25.5% | LV +10.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Hungary | 15% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Difference | −18 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Hungary | 9% | 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 | −11 pp | Latvia higher |
Between the two, Latvia's corporate tax rate (20%) tops Hungary's (9%) by 11pp. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Hungary | 27% | Source: PWC Worldwide Tax Summaries — Hungary (Corporate, Other taxes) · as of 2025-12-31 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | +6 pp | Hungary higher |
Between the two, Hungary's VAT rate (27%) tops Latvia's (21%) by 6pp. The 181-country average is 15%: both sit above it. Hungary's figure is dated 2025-12-31 and Latvia's 2026-06-30, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Hungary | 15% | Source: PWC Worldwide Tax Summaries — Hungary (Individual, Income determination) · as of 2025-12-31 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | −10.5 pp | Latvia higher |
Between the two, Latvia's capital gains tax rate (25.5%) tops Hungary's (15%) by 10.5pp. The 175-country average is 10.3%: both sit above it. Hungary's figure is dated 2025-12-31 and Latvia's 2026-06-30, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Hungary | 15% | Source: PWC Worldwide Tax Summaries — Hungary (Individual, Income determination) · as of 2025-12-31 |
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Difference | −10.5 pp | Latvia higher |
Between the two, Latvia's crypto tax rate (25.5%) tops Hungary's (15%) by 10.5pp. The 88-country average is 13%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Hungary | 0% | Source: PWC Worldwide Tax Summaries — Hungary (Individual, Other taxes) · as of 2025-12-31 |
| 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 |
There's no gap here — Hungary and Latvia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it. Hungary's figure is dated 2025-12-31 and Latvia's 2026-06-30, so the two rates come from different data vintages.