LV · EuropeZA · Africa
Latvia vs South Africa: tax rates compared
Between the two, South Africa's income tax rate (45%) tops Latvia's (33%) by 12pp. The 200-country average is 28%: both sit above it. Latvia's figure is dated 2025-12-30 and South Africa's 2026-03-01, 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 | ZA | Difference |
|---|---|---|---|
| Income Tax | 33% | 45% | ZA +12 pplargest gap |
| Corporate Tax | 20% | 27% | ZA +7 pp |
| VAT | 21% | 15% | LV +6 pp |
| Capital Gains Tax | 25.5% | 18% | LV +7.5 pp |
| Crypto Tax | 25.5% | 18% | LV +7.5 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 |
| South Africa | 45% | Source: PWC Worldwide Tax Summaries — South Africa (Individual, Taxes on personal income) · as of 2026-03-01 |
| Difference | −12 pp | South Africa higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| South Africa | 27% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −7 pp | South Africa higher |
Between the two, South Africa's corporate tax rate (27%) tops Latvia's (20%) by 7pp. The 201-country average is 22.6%: Latvia sits below it, South Africa sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| South Africa | 15% | Source: PWC Worldwide Tax Summaries — South Africa (Corporate, Other taxes) · as of 2026-05-29 |
| Difference | +6 pp | Latvia higher |
Between the two, Latvia's VAT rate (21%) tops South Africa's (15%) by 6pp. The 181-country average is 15%: Latvia sits above it, South Africa matches the world average.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| South Africa | 18% | Source: PWC Worldwide Tax Summaries — South Africa (Individual, Income determination) · as of 2026-05-29 |
| Difference | +7.5 pp | Latvia higher |
Between the two, Latvia's capital gains tax rate (25.5%) tops South Africa's (18%) by 7.5pp. 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 |
| South Africa | 18% | Source: South African Revenue Service — Crypto Assets & Tax · as of 2026-03-20 |
| Difference | +7.5 pp | Latvia higher |
Between the two, Latvia's crypto tax rate (25.5%) tops South Africa's (18%) by 7.5pp. The 88-country average is 13%: both sit above it. Latvia's figure is dated 2025-10-01 and South Africa's 2026-03-20, 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 |
| South Africa | 0% | Source: PWC Worldwide Tax Summaries — South Africa (Individual, Other taxes) · as of 2026-05-29 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Latvia and South Africa both post a wealth tax rate of 0%. The 193-country average is 0.1%: both sit below it.