LV · EuropeRU · Europe
Latvia vs Russia: tax rates compared
Latvia has an income tax rate of 33%, 11pp above Russia's 22%. The 200-country average is 28%: Latvia sits above it, Russia sits below it. Latvia's figure is dated 2025-12-30 and Russia's 2026-07-04, 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 | RU | Difference |
|---|---|---|---|
| Income Tax | 33% | 22% | LV +11 pplargest gap |
| Corporate Tax | 20% | 25% | RU +5 pp |
| VAT | 21% | 22% | RU +1 pp |
| Capital Gains Tax | 25.5% | 15% | LV +10.5 pp |
| Crypto Tax | 25.5% | 15% | LV +10.5 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 |
| Russia | 22% | Source: KonsultantPlus — Tax Code of the Russian Federation (Part Two), Article 224, Tax Rates · as of 2026-07-04 |
| Difference | +11 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Russia | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5 pp | Russia higher |
Russia has a corporate tax rate of 25%, 5pp above Latvia's 20%. The 201-country average is 22.6%: Latvia sits below it, Russia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Russia | 22% | Source: Federal Tax Service of Russia (FNS) — VAT rate transition guidance · as of 2026-01-01 |
| Difference | −1 pp | Russia higher |
Russia has a VAT rate of 22%, 1pp above Latvia's 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 |
| Russia | 15% | Source: KonsultantPlus — Tax Code of the Russian Federation (Part Two), Article 224, Tax Rates · as of 2026-07-04 |
| Difference | +10.5 pp | Latvia higher |
Latvia has a capital gains tax rate of 25.5%, 10.5pp above Russia's 15%. The 175-country average is 10.3%: both sit above 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 |
| Russia | 15% | Source: Налоговый кодекс РФ, часть вторая — Глава 23 (Налог на доходы физических лиц), Статьи 210 и 224 · as of 2026-01-01 |
| Difference | +10.5 pp | Latvia higher |
Latvia has a crypto tax rate of 25.5%, 10.5pp above Russia's 15%. The 88-country average is 13%: both sit above it. Latvia's figure is dated 2025-10-01 and Russia'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 |
| Russia | 0% | Source: Tax Code of the Russian Federation, Part Two (official consolidated text via KonsultantPlus legal reference database) · as of 2026-07-18 |
| Difference | 0 pp | displayed rates match |
Latvia and Russia share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.