TaxGlass

IT · Europe ↔ LV · Europe

Italy vs Latvia: tax rates compared

Italy's corporate tax rate is 7.8pp higher than Latvia's (27.8% vs 20%). The 201-country average is 22.6%: Italy sits above it, Latvia sits 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%IT 27.8%LV 20%
Corporate Tax, side by side
CountryRateSource
Italy27.8%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+7.8 ppItaly higherlargest gap on this page

VAT

0102030405060World avg 19.5%IT 22%LV 21%
VAT, side by side
CountryRateSource
Italy22%Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13
Latvia21%Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30
Difference+1 ppItaly higher

Italy's VAT rate is 1pp higher than Latvia's (22% vs 21%). The 37-country average is 19.5%: both sit above it.

Wealth Tax

0102030405060World avg 0.1%IT 0%LV 0%
Wealth Tax, side by side
CountryRateSource
Italy0%Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01
Latvia0%Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30
Difference0 ppdisplayed rates match

Italy's wealth tax rate is identical to Latvia's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Italy's figure is dated 2024-01-01 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.