LV · EuropeSE · Europe
Latvia vs Sweden: tax rates compared
Sweden has an income tax rate of 52.4%, 19.4pp above Latvia's 33%. 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 | SE | Difference |
|---|---|---|---|
| Income Tax | 33% | 52.4% | SE +19.4 pplargest gap |
| Corporate Tax | 20% | 20.6% | SE +0.6 pp |
| VAT | 21% | 25% | SE +4 pp |
| Capital Gains Tax | 25.5% | 30% | SE +4.5 pp |
| Crypto Tax | 25.5% | 30% | SE +4.5 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 |
| Sweden | 52.4% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −19.4 pp | Sweden higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Sweden | 20.6% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | −0.6 pp | Sweden higher |
Sweden has a corporate tax rate of 20.6%, 0.6pp above Latvia's 20%. 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 |
| Sweden | 25% | Source: PWC Worldwide Tax Summaries — Sweden (Corporate, Other taxes) · as of 2025-12-17 |
| Difference | −4 pp | Sweden higher |
Sweden has a VAT rate of 25%, 4pp above Latvia's 21%. The 181-country average is 15%: both sit above it. Latvia's figure is dated 2026-06-30 and Sweden's 2025-12-17, 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 |
| Sweden | 30% | Source: PWC Worldwide Tax Summaries — Sweden (Individual, Income determination) · as of 2026-02-09 |
| Difference | −4.5 pp | Sweden higher |
Sweden has a capital gains tax rate of 30%, 4.5pp above Latvia's 25.5%. 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 |
| Sweden | 30% | Source: Skatteverket — Kryptovalutor · as of 2026-06-24 |
| Difference | −4.5 pp | Sweden higher |
Sweden has a crypto tax rate of 30%, 4.5pp above Latvia's 25.5%. The 88-country average is 13%: both sit above it. Latvia's figure is dated 2025-10-01 and Sweden's 2026-06-24, 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 |
| Sweden | 0% | Source: PWC Worldwide Tax Summaries — Sweden (Individual, Other taxes) · as of 2026-02-09 |
| Difference | 0 pp | displayed rates match |
Latvia and Sweden share the same wealth tax rate: 0%. The 193-country average is 0.1%: both sit below it.