TaxGlass

LV · Europe ↔ ES · Europe

Latvia vs Spain: tax rates compared

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.

Verified data covers three of the six tracked tax types for both countries; every rate below is cited to its source and dated.

Corporate Tax

0102030405060World avg 22.6%LV 20%ES 25%
Corporate Tax, side by side
CountryRateSource
Latvia20%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Spain25%Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01
Difference−5 ppSpain higherlargest gap on this page

VAT

0102030405060World avg 19.5%LV 21%ES 21%
VAT, side by side
CountryRateSource
Latvia21%Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30
Spain21%Source: PWC Worldwide Tax Summaries — Spain (Corporate, Other taxes) · as of 2025-12-31
Difference0 ppdisplayed rates match

There's no gap here — Latvia and Spain both post a VAT rate of 21%. The 37-country average is 19.5%: 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.

Wealth Tax

0102030405060World avg 0.1%LV 0%ES 3.5%
Wealth Tax, side by side
CountryRateSource
Latvia0%Source: PWC Worldwide Tax Summaries — Net wealth/worth tax rates (quick chart) · as of 2026-06-30
Spain3.5%Source: PWC Worldwide Tax Summaries — Spain (Individual, Other taxes) · as of 2025-12-31
Difference−3.5 ppSpain 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.

Not covered for both countries yet: Income Tax, Capital Gains Tax, Crypto Tax.