LV · EuropeSK · Europe
Latvia vs Slovakia: tax rates compared
Latvia has an income tax rate of 33%, 8pp above Slovakia's 25%. The 200-country average is 28%: Latvia sits above it, Slovakia sits below it.
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 | SK | Difference |
|---|---|---|---|
| Income Tax | 33% | 25% | LV +8 pp |
| Corporate Tax | 20% | 24% | SK +4 pp |
| VAT | 21% | 23% | SK +2 pp |
| Capital Gains Tax | 25.5% | 0% | LV +25.5 pplargest gap |
| Crypto Tax | 25.5% | 35% | SK +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 |
| Slovakia | 25% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | +8 pp | Latvia higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Slovakia | 24% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −4 pp | Slovakia higher |
Slovakia has a corporate tax rate of 24%, 4pp above Latvia's 20%. The 201-country average is 22.6%: Latvia sits below it, Slovakia sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Slovakia | 23% | Source: Finančná správa Slovenskej republiky — Sadzby dane (VAT rates) · as of 2025-01-01 |
| Difference | −2 pp | Slovakia higher |
Slovakia has a VAT rate of 23%, 2pp above Latvia's 21%. The 181-country average is 15%: both sit above it. Latvia's figure is dated 2026-06-30 and Slovakia's 2025-01-01, 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 |
| Slovakia | 0% | Source: PWC Worldwide Tax Summaries — Slovak Republic (Individual, Income determination) · as of 2026-01-20 |
| Difference | +25.5 pp | Latvia higher |
Latvia has a capital gains tax rate of 25.5%, 25.5pp above Slovakia's 0%. The 175-country average is 10.3%: Latvia sits above it, Slovakia 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 |
| Slovakia | 35% | Source: Slov-Lex — Zákon č. 595/2003 Z. z. o dani z príjmov (znenie účinné od 1.1.2026), §2, §4, §8, §9 a §15 · as of 2026-01-01 |
| Difference | −9.5 pp | Slovakia higher |
Slovakia has a crypto tax rate of 35%, 9.5pp above Latvia's 25.5%. The 88-country average is 13%: both sit above it. Latvia's figure is dated 2025-10-01 and Slovakia'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 |
| Slovakia | 0% | Source: PWC Worldwide Tax Summaries — Slovak Republic (Individual, Other taxes) · as of 2026-01-20 |
| Difference | 0 pp | displayed rates match |
Latvia and Slovakia share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.