LV · EuropeRO · Europe
Latvia vs Romania: tax rates compared
Latvia's income tax rate is 23pp higher than Romania's (33% vs 10%). The 200-country average is 28%: Latvia sits above it, Romania sits below it. Latvia's figure is dated 2025-12-30 and Romania's 2026-03-30, so the two rates come from different data vintages.
Verified data covers six of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | LV | RO | Difference |
|---|---|---|---|
| Income Tax | 33% | 10% | LV +23 pplargest gap |
| Corporate Tax | 20% | 16% | LV +4 pp |
| VAT | 21% | 21% | match |
| Capital Gains Tax | 25.5% | 3% | LV +22.5 pp |
| Crypto Tax | 25.5% | 16% | LV +9.5 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 |
| Romania | 10% | Source: PWC Worldwide Tax Summaries — Romania (Individual, Taxes on personal income) · as of 2026-03-30 |
| Difference | +23 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Romania | 16% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +4 pp | Latvia higher |
Latvia's corporate tax rate is 4pp higher than Romania's (20% vs 16%). 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 |
| Romania | 21% | Source: PWC Worldwide Tax Summaries — Romania (Corporate, Significant developments) · as of 2026-03-30 |
| Difference | 0 pp | displayed rates match |
Latvia's VAT rate is identical to Romania's — both sit at 21%. 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 |
| Romania | 3% | Source: PWC Worldwide Tax Summaries — Romania (Individual, Income determination) · as of 2026-03-30 |
| Difference | +22.5 pp | Latvia higher |
Latvia's capital gains tax rate is 22.5pp higher than Romania's (25.5% vs 3%). The 175-country average is 10.3%: Latvia sits above it, Romania 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 |
| Romania | 16% | Source: Portal Legislativ (Monitorul Oficial) — Legea nr. 239/2025, amending the Fiscal Code · as of 2026-01-01 |
| Difference | +9.5 pp | Latvia higher |
Latvia's crypto tax rate is 9.5pp higher than Romania's (25.5% vs 16%). The 88-country average is 13%: both sit above it. Latvia's figure is dated 2025-10-01 and Romania's 2026-01-01, 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 |
| Romania | 0% | Source: PWC Worldwide Tax Summaries — Romania (Individual, Other taxes) · as of 2026-03-30 |
| Difference | 0 pp | displayed rates match |
Latvia's wealth tax rate is identical to Romania's — both sit at 0%. The 193-country average is 0.1%: both sit below it.