LV · EuropeES · Europe
Latvia vs Spain: tax rates compared
Between the two, Spain's income tax rate (48.6%) tops Latvia's (33%) by 15.6pp. The 200-country average is 28%: both sit above 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 | ES | Difference |
|---|---|---|---|
| Income Tax | 33% | 48.6% | ES +15.6 pplargest gap |
| Corporate Tax | 20% | 25% | ES +5 pp |
| VAT | 21% | 21% | match |
| Capital Gains Tax | 25.5% | 30% | ES +4.5 pp |
| Crypto Tax | 25.5% | 30% | ES +4.5 pp |
| Wealth Tax | 0% | 3.5% | ES +3.5 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Spain | 48.6% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −15.6 pp | Spain higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Spain | 25% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −5 pp | Spain higher |
Between the two, Spain's corporate tax rate (25%) tops Latvia's (20%) by 5pp. The 201-country average is 22.6%: Latvia sits below it, Spain sits above it.
VAT
| Country | Rate | Source |
|---|---|---|
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Spain | 21% | Source: PWC Worldwide Tax Summaries — Spain (Corporate, Other taxes) · as of 2025-12-31 |
| Difference | 0 pp | displayed rates match |
There's no gap here — Latvia and Spain both post a VAT rate of 21%. The 181-country average is 15%: both sit above it. Latvia's figure is dated 2026-06-30 and Spain's 2025-12-31, 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 |
| Spain | 30% | Source: PwC Worldwide Tax Summaries — Spain, Individual - Income determination · as of 2025-12-31 |
| Difference | −4.5 pp | Spain higher |
Between the two, Spain's capital gains tax rate (30%) tops Latvia's (25.5%) by 4.5pp. The 175-country average is 10.3%: both sit above it. Latvia's figure is dated 2026-06-30 and Spain's 2025-12-31, so the two rates come from different data vintages.
Crypto Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 25.5% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Latvia · as of 2025-10-01 |
| Spain | 30% | Source: Agencia Tributaria — Manual Práctico Renta 2025, Compra y venta de monedas virtuales: tributación en el IRPF del inversor · as of 2025-01-01 |
| Difference | −4.5 pp | Spain higher |
Between the two, Spain's crypto tax rate (30%) tops Latvia's (25.5%) by 4.5pp. The 88-country average is 13%: both sit above it.
Wealth Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 0% | Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30 |
| Spain | 3.5% | Source: PWC Worldwide Tax Summaries — Spain (Individual, Other taxes) · as of 2025-12-31 |
| Difference | −3.5 pp | Spain higher |
Between the two, Spain's wealth tax rate (3.5%) tops Latvia's (0%) by 3.5pp. The 193-country average is 0.1%: Latvia sits below it, Spain sits above it. Latvia's figure is dated 2026-06-30 and Spain's 2025-12-31, so the two rates come from different data vintages.