LV · EuropeTM · Asia
Latvia vs Turkmenistan: tax rates compared
Latvia's corporate tax rate is 12pp higher than Turkmenistan's (20% vs 8%). The 201-country average is 22.6%: both sit below it.
Verified data covers one of the six tracked tax types for both countries; every rate below is cited to its source and dated.
At a glance
| Tax | LV | TM | Difference |
|---|---|---|---|
| Corporate Tax | 20% | 8% | LV +12 pp |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Turkmenistan | 8% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | +12 pp | Latvia higher |
Not covered for both countries yet: Income Tax, VAT, Capital Gains Tax, Crypto Tax, Wealth Tax.