LV · Europe ↔ CH · Europe
Latvia vs Switzerland: tax rates compared
Latvia's corporate tax rate is 0.4pp higher than Switzerland's (20% vs 19.6%). The 201-country average is 22.6%: both sit below 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
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Switzerland | 19.6% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +0.4 pp | Latvia higher |
VAT
| Country | Rate | Source |
|---|---|---|
| Latvia | 21% | Source: PWC Worldwide Tax Summaries — Latvia (Corporate, Other taxes) · as of 2026-06-30 |
| Switzerland | 8.1% | Source: PWC Worldwide Tax Summaries — Switzerland (Corporate, Other taxes) · as of 2026-07-01 |
| Difference | +12.9 pp | Latvia higherlargest gap on this page |
Latvia's VAT rate is 12.9pp higher than Switzerland's (21% vs 8.1%). The 37-country average is 19.5%: Latvia sits above it, Switzerland sits below 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 |
| Switzerland | 0.9% | Source: République et Canton de Genève, Administration fiscale cantonale — Barèmes 2025 pour les impôts sur le revenu et la fortune · as of 2025-01-01 |
| Difference | −0.9 pp | Switzerland higher |
Switzerland's wealth tax rate is 0.9pp higher than Latvia's (0.9% vs 0%). The 193-country average is 0.1%: Latvia sits below it, Switzerland sits above it. Latvia's figure is dated 2026-06-30 and Switzerland's 2025-01-01, so the two rates come from different data vintages.
Not covered for both countries yet: Income Tax, Capital Gains Tax, Crypto Tax.