LV · EuropeST · Africa
Latvia vs São Tomé and Príncipe: tax rates compared
Latvia has an income tax rate of 33%, 8pp above São Tomé and Príncipe's 25%. The 200-country average is 28%: Latvia sits above it, São Tomé and Príncipe sits below it. Latvia's figure is dated 2025-12-30 and São Tomé and Príncipe's 2009-10-08, so the two rates come from different data vintages.
Verified data covers four of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | LV | ST | Difference |
|---|---|---|---|
| Income Tax | 33% | 25% | LV +8 pp |
| Corporate Tax | 20% | 25% | ST +5 pp |
| VAT | 21% | 15% | LV +6 pp |
| Capital Gains Tax | 25.5% | 15% | LV +10.5 pplargest gap |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| São Tomé and Príncipe | 25% | Source: Diário da República (official gazette), São Tomé e Príncipe — Lei n.º 11/2009, Código do Imposto sobre o Rendimento das Pessoas Singulares (IRS), Art. 66 · as of 2009-10-08 |
| Difference | +8 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| São Tomé and Príncipe | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5 pp | São Tomé and Príncipe higher |
São Tomé and Príncipe has a corporate tax rate of 25%, 5pp above Latvia's 20%. The 201-country average is 22.6%: Latvia sits below it, São Tomé and Príncipe sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| São Tomé and Príncipe | 15% | Source: Ministério do Planeamento, Finanças e Economia Azul (São Tomé e Príncipe) — Manual do IVA 2023 · as of 2023-06-01 |
| Difference | +6 pp | Latvia higher |
Latvia has a VAT rate of 21%, 6pp above São Tomé and Príncipe's 15%. The 181-country average is 15%: Latvia sits above it, São Tomé and Príncipe matches the world average. Latvia's figure is dated 2026-06-30 and São Tomé and Príncipe's 2023-06-01, so the two rates come from different data vintages.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| São Tomé and Príncipe | 15% | Source: Diário da República (official gazette), São Tomé e Príncipe — Lei n.º 11/2009, Código do Imposto sobre o Rendimento das Pessoas Singulares (IRS), Articles 27, 69 and 70 · as of 2009-10-08 |
| Difference | +10.5 pp | Latvia higher |
Latvia has a capital gains tax rate of 25.5%, 10.5pp above São Tomé and Príncipe's 15%. The 175-country average is 10.3%: both sit above it. Latvia's figure is dated 2026-06-30 and São Tomé and Príncipe's 2009-10-08, so the two rates come from different data vintages.
Not covered for both countries yet: Crypto Tax, Wealth Tax.