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Latvia vs Peru: tax rates compared
Latvia's income tax rate is 3pp higher than Peru's (33% vs 30%). The 200-country average is 28%: both sit above it. Latvia's figure is dated 2025-12-30 and Peru's 2026-07-13, 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 | PE | Difference |
|---|---|---|---|
| Income Tax | 33% | 30% | LV +3 pp |
| Corporate Tax | 20% | 29.5% | PE +9.5 pp |
| VAT | 21% | 18% | LV +3 pp |
| Capital Gains Tax | 25.5% | 5% | LV +20.5 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 |
| Peru | 30% | Source: PWC Worldwide Tax Summaries — Peru (Individual, Taxes on personal income) · as of 2026-07-13 |
| Difference | +3 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Peru | 29.5% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −9.5 pp | Peru higher |
Peru's corporate tax rate is 9.5pp higher than Latvia's (29.5% vs 20%). The 201-country average is 22.6%: Latvia sits below it, Peru sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Peru | 18% | Source: PWC Worldwide Tax Summaries — Peru (Corporate, Other taxes) · as of 2026-07-13 |
| Difference | +3 pp | Latvia higher |
Latvia's VAT rate is 3pp higher than Peru's (21% vs 18%). The 181-country average is 15%: both sit 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 |
| Peru | 5% | Source: PWC Worldwide Tax Summaries — Peru (Individual, Income determination) · as of 2026-07-13 |
| Difference | +20.5 pp | Latvia higher |
Latvia's capital gains tax rate is 20.5pp higher than Peru's (25.5% vs 5%). The 175-country average is 10.3%: Latvia sits above it, Peru 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 |
| Peru | 0% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Peru · as of 2025-10-01 |
| Difference | 0 pp | displayed rates match |
Latvia's wealth tax rate is identical to Peru's — both sit at 0%. The 193-country average is 0.1%: both sit below it. Latvia's figure is dated 2026-06-30 and Peru's 2025-10-01, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax.