LV · EuropeRS · Europe
Latvia vs Serbia: tax rates compared
Latvia's income tax rate is 23pp higher than Serbia's (33% vs 10%). The 200-country average is 28%: Latvia sits above it, Serbia sits below it. Latvia's figure is dated 2025-12-30 and Serbia's 2026-02-25, 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 | RS | Difference |
|---|---|---|---|
| Income Tax | 33% | 10% | LV +23 pplargest gap |
| Corporate Tax | 20% | 15% | LV +5 pp |
| VAT | 21% | 20% | LV +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 |
| Serbia | 10% | Source: PWC Worldwide Tax Summaries — Serbia (Individual, Income determination) · as of 2026-02-25 |
| Difference | +23 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Serbia | 15% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +5 pp | Latvia higher |
Latvia's corporate tax rate is 5pp higher than Serbia's (20% vs 15%). 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 |
| Serbia | 20% | Source: PWC Worldwide Tax Summaries — Serbia (Corporate, Other taxes) · as of 2026-02-25 |
| Difference | +1 pp | Latvia higher |
Latvia's VAT rate is 1pp higher than Serbia's (21% vs 20%). 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 |
| Serbia | 15% | Source: PWC Worldwide Tax Summaries — Serbia (Individual, Income determination) · as of 2026-02-25 |
| Difference | +10.5 pp | Latvia higher |
Latvia's capital gains tax rate is 10.5pp higher than Serbia's (25.5% vs 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 |
| Serbia | 15% | Source: PWC Worldwide Tax Summaries — Serbia (Individual, Income determination) · as of 2026-02-25 |
| Difference | +10.5 pp | Latvia higher |
Latvia's crypto tax rate is 10.5pp higher than Serbia's (25.5% vs 15%). The 88-country average is 13%: both sit above it. Latvia's figure is dated 2025-10-01 and Serbia's 2026-02-25, 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 |
| Serbia | 0% | Source: PWC Worldwide Tax Summaries — Serbia (Net wealth/worth tax rates) · as of 2026-02-25 |
| Difference | 0 pp | displayed rates match |
Latvia's wealth tax rate is identical to Serbia's — both sit at 0%. The 193-country average is 0.1%: both sit below it.