TaxGlass

LV · Europe ↔ NZ · Oceania

Latvia vs New Zealand: tax rates compared

Between the two, New Zealand's corporate tax rate (28%) tops Latvia's (20%) by 8pp. The 201-country average is 22.6%: Latvia sits below it, New Zealand sits above it.

Verified data covers three of the six tracked tax types for both countries; every rate below is cited to its source and dated.

Corporate Tax

0102030405060World avg 22.6%LV 20%NZ 28%
Corporate Tax, side by side
CountryRateSource
Latvia20%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
New Zealand28%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference−8 ppNew Zealand higherlargest gap on this page

VAT

0102030405060World avg 19.5%LV 21%NZ 15%
VAT, side by side
CountryRateSource
Latvia21%Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30
New Zealand15%Source: PWC Worldwide Tax Summaries — New Zealand (Corporate, Other taxes) · as of 2026-07-06
Difference+6 ppLatvia higher

Between the two, Latvia's VAT rate (21%) tops New Zealand's (15%) by 6pp. The 37-country average is 19.5%: Latvia sits above it, New Zealand sits below it.

Wealth Tax

0102030405060World avg 0.1%LV 0%NZ 0%
Wealth Tax, side by side
CountryRateSource
Latvia0%Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30
New Zealand0%Source: PWC Worldwide Tax Summaries — New Zealand (Net wealth/worth tax rates) · as of 2026-07-06
Difference0 ppdisplayed rates match

There's no gap here — Latvia and New Zealand 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: Income Tax, Capital Gains Tax, Crypto Tax.