JP · AsiaLV · Europe
Japan vs Latvia: tax rates compared
Japan's income tax rate is 22.9pp higher than Latvia's (55.9% 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 | JP | LV | Difference |
|---|---|---|---|
| Income Tax | 55.9% | 33% | JP +22.9 pp |
| Corporate Tax | 29.7% | 20% | JP +9.7 pp |
| VAT | 10% | 21% | LV +11 pp |
| Capital Gains Tax | 20.3% | 25.5% | LV +5.2 pp |
| Crypto Tax | 55% | 25.5% | JP +29.5 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Japan | 55.9% | 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 | +22.9 pp | Japan higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Japan | 29.7% | 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 | +9.7 pp | Japan higher |
Japan's corporate tax rate is 9.7pp higher than Latvia's (29.7% vs 20%). The 201-country average is 22.6%: Japan sits above it, Latvia sits below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Japan | 10% | Source: PWC Worldwide Tax Summaries — Japan (Corporate, Other taxes) · as of 2026-01-13 |
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Difference | −11 pp | Latvia higher |
Latvia's VAT rate is 11pp higher than Japan's (21% vs 10%). The 181-country average is 15%: Japan sits below it, Latvia sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Japan | 20.3% | Source: PWC Worldwide Tax Summaries — Japan (Individual, Income determination) · as of 2026-01-13 |
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Difference | −5.2 pp | Latvia higher |
Latvia's capital gains tax rate is 5.2pp higher than Japan's (25.5% vs 20.3%). The 175-country average is 10.3%: both sit above it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Japan | 55% | Source: PWC Japan — Japan Tax Update: Overview of 2026 Tax Reform Proposals (December 2025) · as of 2025-12-19 |
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Difference | +29.5 pp | Japan higher |
Japan's crypto tax rate is 29.5pp higher than Latvia's (55% vs 25.5%). The 88-country average is 13%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Japan | 0% | Source: PWC Worldwide Tax Summaries — Japan (Individual, Other taxes) · as of 2026-01-13 |
| 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 |
Japan's wealth tax rate is identical to Latvia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.