LV · EuropeMV · Asia
Latvia vs Maldives: tax rates compared
Latvia has an income tax rate of 33%, 18pp above Maldives's 15%. The 200-country average is 28%: Latvia sits above it, Maldives sits below it. Latvia's figure is dated 2025-12-30 and Maldives's 2020-01-01, 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 | MV | Difference |
|---|---|---|---|
| Income Tax | 33% | 15% | LV +18 pplargest gap |
| Corporate Tax | 20% | 15% | LV +5 pp |
| VAT | 21% | 8% | LV +13 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 |
| Maldives | 15% | Source: Maldives Inland Revenue Authority (MIRA) — Individuals, Overview · as of 2020-01-01 |
| Difference | +18 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Maldives | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +5 pp | Latvia higher |
Latvia has a corporate tax rate of 20%, 5pp above Maldives's 15%. The 201-country average is 22.6%: both sit below it.
VAT
| Country | Rate | Source |
|---|---|---|
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Maldives | 8% | Source: Maldives Inland Revenue Authority (MIRA) — Goods and Services Tax (GST) Overview · as of 2023-01-01 |
| Difference | +13 pp | Latvia higher |
Latvia has a VAT rate of 21%, 13pp above Maldives's 8%. The 181-country average is 15%: Latvia sits above it, Maldives sits below it. Latvia's figure is dated 2026-06-30 and Maldives's 2023-01-01, 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 |
| Maldives | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 (content current as of 1 October 2025, published February 2026) — Maldives chapter · as of 2025-10-01 |
| Difference | 0 pp | displayed rates match |
Latvia and Maldives share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it. Latvia's figure is dated 2026-06-30 and Maldives's 2025-10-01, so the two rates come from different data vintages.
Not covered for both countries yet: Capital Gains Tax, Crypto Tax.