IT · EuropeLV · Europe
Italy vs Latvia: tax rates compared
Italy's income tax rate is 14.2pp higher than Latvia's (47.2% vs 33%). The 200-country average is 28%: both sit 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 | IT | LV | Difference |
|---|---|---|---|
| Income Tax | 47.2% | 33% | IT +14.2 pplargest gap |
| Corporate Tax | 27.8% | 20% | IT +7.8 pp |
| VAT | 22% | 21% | IT +1 pp |
| Capital Gains Tax | 26% | 25.5% | IT +0.5 pp |
| Crypto Tax | 33% | 25.5% | IT +7.5 pp |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 47.2% | 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 | +14.2 pp | Italy higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 27.8% | 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 | +7.8 pp | Italy higher |
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.
VAT
| Country | Rate | Source |
|---|---|---|
| Italy | 22% | Source: PWC Worldwide Tax Summaries — Italy (Corporate, Other taxes) · as of 2026-07-13 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | +1 pp | Italy higher |
Italy's VAT rate is 1pp higher than Latvia's (22% vs 21%). The 181-country average is 15%: both sit above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 26% | Source: PWC Worldwide Tax Summaries — Italy (Individual, Income determination) · as of 2019-01-01 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | +0.5 pp | Italy higher |
Italy's capital gains tax rate is 0.5pp higher than Latvia's (26% vs 25.5%). The 175-country average is 10.3%: both sit above it. Italy's figure is dated 2019-01-01 and Latvia's 2026-06-30, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 33% | Source: PWC Worldwide Tax Summaries — Italy (Individual, Other taxes) · as of 2026-02-25 |
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Difference | +7.5 pp | Italy higher |
Italy's crypto tax rate is 7.5pp higher than Latvia's (33% vs 25.5%). The 88-country average is 13%: both sit above it. Italy's figure is dated 2026-02-25 and Latvia's 2025-10-01, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Italy | 0% | Source: Agenzia delle Entrate — IVIE, base imponibile e aliquota · as of 2024-01-01 |
| 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 |
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.