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Hungary vs Latvia: tax rates compared
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.
Verified data covers three of the six tracked tax types for both countries; every rate below is cited to its source and dated.
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 higherlargest gap on this page |
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 37-country average is 19.5%: 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.
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.
Not covered for both countries yet: Income Tax, Capital Gains Tax, Crypto Tax.