LV · EuropeCH · Europe
Latvia vs Switzerland: tax rates compared
Switzerland's income tax rate is 8.4pp higher than Latvia's (41.4% vs 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 | CH | Difference |
|---|---|---|---|
| Income Tax | 33% | 41.4% | CH +8.4 pp |
| Corporate Tax | 20% | 19.6% | LV +0.4 pp |
| VAT | 21% | 8.1% | LV +12.9 pp |
| Capital Gains Tax | 25.5% | 0% | LV +25.5 pplargest gap |
| Crypto Tax | 25.5% | 0% | LV +25.5 pp |
| Wealth Tax | 0% | 0.9% | CH +0.9 pp |
Income Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 33% | Source: State Revenue Service of Latvia (VID) — Personal Income Tax rates · as of 2025-12-30 |
| Switzerland | 41.4% | Source: OECD Tax Database — Top statutory personal income tax rates · as of 2025-01-01 |
| Difference | −8.4 pp | Switzerland higher |
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 |
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.
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 higher |
Latvia's VAT rate is 12.9pp higher than Switzerland's (21% vs 8.1%). The 181-country average is 15%: Latvia sits above it, Switzerland sits below it.
Capital Gains Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 25.5% | Source: PWC Worldwide Tax Summaries — Latvia (Individual, Income determination) · as of 2026-06-30 |
| Switzerland | 0% | Source: PWC Worldwide Tax Summaries — Switzerland (Individual, Income determination) · as of 2026-07-01 |
| Difference | +25.5 pp | Latvia higher |
Latvia's capital gains tax rate is 25.5pp higher than Switzerland's (25.5% vs 0%). The 175-country average is 10.3%: Latvia sits above it, Switzerland sits below 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 |
| Switzerland | 0% | Source: Swiss Federal Tax Administration (ESTV) — Kryptowährungen: Besteuerung · as of 2026-07-06 |
| Difference | +25.5 pp | Latvia higher |
Latvia's crypto tax rate is 25.5pp higher than Switzerland's (25.5% vs 0%). The 88-country average is 13%: Latvia sits above it, Switzerland sits below it. Latvia's figure is dated 2025-10-01 and Switzerland's 2026-07-06, 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 |
| 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.