TaxGlass

IE · Europe ↔ LV · Europe

Ireland vs Latvia: tax rates compared

Between the two, Latvia's corporate tax rate (20%) tops Ireland's (12.5%) by 7.5pp. 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

0102030405060World avg 22.6%IE 12.5%LV 20%
Corporate Tax, side by side
CountryRateSource
Ireland12.5%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Latvia20%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference−7.5 ppLatvia higherlargest gap on this page

VAT

0102030405060World avg 19.5%IE 23%LV 21%
VAT, side by side
CountryRateSource
Ireland23%Source: PWC Worldwide Tax Summaries — Ireland (Corporate, Other taxes) · as of 2026-03-06
Latvia21%Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30
Difference+2 ppIreland higher

Between the two, Ireland's VAT rate (23%) tops Latvia's (21%) by 2pp. The 37-country average is 19.5%: both sit above it.

Wealth Tax

0102030405060World avg 0.1%IE 0%LV 0%
Wealth Tax, side by side
CountryRateSource
Ireland0%Source: PWC Worldwide Tax Summaries — Ireland (Individual, Other taxes) · as of 2026-03-06
Latvia0%Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30
Difference0 ppdisplayed rates match

There's no gap here — Ireland and Latvia both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.

Not covered for both countries yet: Income Tax, Capital Gains Tax, Crypto Tax.