LV · EuropeVN · Asia
Latvia vs Vietnam: tax rates compared
Vietnam's income tax rate is 2pp higher than Latvia's (35% vs 33%). The 200-country average is 28%: both sit above it. Latvia's figure is dated 2025-12-30 and Vietnam's 2026-03-09, so the two rates come from different data vintages.
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 | VN | Difference |
|---|---|---|---|
| Income Tax | 33% | 35% | VN +2 pp |
| Corporate Tax | 20% | 20% | match |
| VAT | 21% | 10% | LV +11 pp |
| Capital Gains Tax | 25.5% | 0.1% | LV +25.4 pplargest gap |
| Crypto Tax | 25.5% | 0.1% | LV +25.4 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 |
| Vietnam | 35% | Source: PWC Worldwide Tax Summaries — Vietnam (Individual, Taxes on personal income) · as of 2026-03-09 |
| Difference | −2 pp | Vietnam higher |
Corporate Tax
| Country | Rate | Source |
|---|---|---|
| Latvia | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Vietnam | 20% | Source: Tax Foundation — Worldwide Corporate Tax Rates · as of 2025-01-01 |
| Difference | 0 pp | displayed rates match |
Latvia's corporate tax rate is identical to Vietnam's — both sit at 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 |
| Vietnam | 10% | Source: PWC Worldwide Tax Summaries — Vietnam (Corporate, Other taxes) · as of 2026-03-09 |
| Difference | +11 pp | Latvia higher |
Latvia's VAT rate is 11pp higher than Vietnam's (21% vs 10%). The 181-country average is 15%: Latvia sits above it, Vietnam 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 |
| Vietnam | 0.1% | Source: PWC Worldwide Tax Summaries — Vietnam (Individual, Taxes on personal income) · as of 2026-03-09 |
| Difference | +25.4 pp | Latvia higher |
Latvia's capital gains tax rate is 25.4pp higher than Vietnam's (25.5% vs 0.1%). The 175-country average is 10.3%: Latvia sits above it, Vietnam 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 |
| Vietnam | 0.1% | Source: EY Worldwide Personal Tax and Immigration Guide 2025-26 — Vietnam · as of 2025-10-01 |
| Difference | +25.4 pp | Latvia higher |
Latvia's crypto tax rate is 25.4pp higher than Vietnam's (25.5% vs 0.1%). The 88-country average is 13%: Latvia sits above it, Vietnam 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 |
| Vietnam | 0% | Source: PWC Worldwide Tax Summaries — Vietnam (Individual, Other taxes) · as of 2026-03-09 |
| Difference | 0 pp | displayed rates match |
Latvia's wealth tax rate is identical to Vietnam's — both sit at 0%. The 193-country average is 0.1%: both sit below it.