LV · EuropeFM · Oceania
Latvia vs Micronesia: tax rates compared
Latvia has an income tax rate of 33%, 23pp above Micronesia's 10%. The 200-country average is 28%: Latvia sits above it, Micronesia sits below it. Latvia's figure is dated 2025-12-30 and Micronesia's 2026-07-20, 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 | FM | Difference |
|---|---|---|---|
| Income Tax | 33% | 10% | LV +23 pp |
| Corporate Tax | 20% | 30% | FM +10 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 |
| Micronesia | 10% | Source: Code of the Federated States of Micronesia, Title 54 (Taxation and Customs), Section 121 · as of 2026-07-20 |
| Difference | +23 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Micronesia | 30% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −10 pp | Micronesia higher |
Micronesia has a corporate tax rate of 30%, 10pp above Latvia's 20%. The 201-country average is 22.6%: Latvia sits below it, Micronesia 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 |
| Micronesia | 0% | Source: Code of the Federated States of Micronesia, Title 54 — Taxation and Customs · as of 2026-07-19 |
| Difference | +25.5 pp | Latvia higher |
Latvia has a capital gains tax rate of 25.5%, 25.5pp above Micronesia's 0%. The 175-country average is 10.3%: Latvia sits above it, Micronesia 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 |
| Micronesia | 0% | Source: Code of the Federated States of Micronesia, Title 54 · as of 2026-07-19 |
| Difference | +25.5 pp | Latvia higher |
Latvia has a crypto tax rate of 25.5%, 25.5pp above Micronesia's 0%. The 88-country average is 13%: Latvia sits above it, Micronesia sits below it. Latvia's figure is dated 2025-10-01 and Micronesia's 2026-07-19, 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 |
| Micronesia | 0% | Source: Federated States of Micronesia Code, Title 54 (Taxation and Customs), via fsmlaw.org · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Latvia and Micronesia 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.