LV · EuropeLS · Africa
Latvia vs Lesotho: tax rates compared
Between the two, Latvia's income tax rate (33%) tops Lesotho's (30%) by 3pp. The 200-country average is 28%: both sit above it. Latvia's figure is dated 2025-12-30 and Lesotho's 2026-07-20, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | LV | LS | Difference |
|---|---|---|---|
| Income Tax | 33% | 30% | LV +3 pp |
| Corporate Tax | 20% | 25% | LS +5 pp |
| VAT | 21% | 15% | LV +6 pplargest gap |
| Wealth Tax | 0% | 0% | match |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Lesotho | 30% | Source: Revenue Services Lesotho — Employees' Tax (Pay As You Earn) · as of 2026-07-20 |
| Difference | +3 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Lesotho | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5 pp | Lesotho higher |
Between the two, Lesotho's corporate tax rate (25%) tops Latvia's (20%) by 5pp. The 201-country average is 22.6%: Latvia sits below it, Lesotho sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Lesotho | 15% | Source: PwC — VAT and Indirect Taxes in Africa 2023, Lesotho · as of 2023-01-26 |
| Difference | +6 pp | Latvia higher |
Between the two, Latvia's VAT rate (21%) tops Lesotho's (15%) by 6pp. The 181-country average is 15%: Latvia sits above it, Lesotho matches the world average. Latvia's figure is dated 2026-06-30 and Lesotho's 2023-01-26, so the two rates come from different data vintages.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30 |
| Lesotho | 0% | Source: Revenue Services Lesotho — official site (tax categories) · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Latvia and Lesotho 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: Capital Gains Tax, Crypto Tax.