LV · EuropeMY · Asia
Latvia vs Malaysia: tax rates compared
Latvia has an income tax rate of 33%, 3pp above Malaysia's 30%. The 200-country average is 28%: both sit above it. Latvia's figure is dated 2025-12-30 and Malaysia's 2026-06-16, so the two rates come from different data vintages.
Verified data covers five of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | LV | MY | Difference |
|---|---|---|---|
| Income Tax | 33% | 30% | LV +3 pp |
| Corporate Tax | 20% | 24% | MY +4 pp |
| Capital Gains Tax | 25.5% | 0% | LV +25.5 pplargest gap |
| Crypto Tax | 25.5% | 0% | LV +25.5 pp |
| 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 |
| Malaysia | 30% | Source: PWC Worldwide Tax Summaries — Malaysia (Individual, Taxes on personal income) · as of 2026-06-16 |
| Difference | +3 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Malaysia | 24% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −4 pp | Malaysia higher |
Malaysia has a corporate tax rate of 24%, 4pp above Latvia's 20%. The 201-country average is 22.6%: Latvia sits below it, Malaysia sits above it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Malaysia | 0% | Source: PwC Worldwide Tax Summaries — Malaysia (Individual, Income determination) · as of 2026-06-16 |
| Difference | +25.5 pp | Latvia higher |
Latvia has a capital gains tax rate of 25.5%, 25.5pp above Malaysia's 0%. The 175-country average is 10.3%: Latvia sits above it, Malaysia sits below it.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Malaysia | 0% | Source: Inland Revenue Board of Malaysia (LHDN) — Guidelines on Tax Treatment on Digital Currency Transaction (2nd Edition) · as of 2025-12-05 |
| Difference | +25.5 pp | Latvia higher |
Latvia has a crypto tax rate of 25.5%, 25.5pp above Malaysia's 0%. The 88-country average is 13%: Latvia sits above it, Malaysia sits below it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30 |
| Malaysia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-16 |
| Difference | 0 pp | displayed rates match |
Latvia and Malaysia share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.
Not covered for both countries yet: VAT.