Effective tax rates: Corporate tax statistics … Effective average in Latvia
Latvia: Effective tax rates: Corporate tax statistics … Effective average was 19.09 Percentage of taxable income in 2025. ▲ Rising
Effective tax rates - Corporate tax statistics — Effective average in Latvia, 2017–2025
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of taxable income.
Analysis
In 2025, effective tax rates - corporate tax statistics — effective average in Latvia stood at 19.09 Percentage of taxable income.
The figure is up 34.9% over ten years.
Over the whole period, effective tax rates - corporate tax statistics — effective average in Latvia peaked at 19.88 Percentage of taxable income in 2023 and was at its lowest, 14.15 Percentage of taxable income, in 2017.
Latvia ranks 68th of 99 countries on this measure, in the middle of the range.
Effective tax rates: Corporate tax statistics … Effective average in Latvia, year by year
| Year | Percentage of taxable income | Change |
|---|---|---|
| 2017 | 14.15 Percentage of taxable income | — |
| 2018 | 15.14 Percentage of taxable income | +7.0% |
| 2019 | 15.97 Percentage of taxable income | +5.5% |
| 2020 | 16.15 Percentage of taxable income | +1.1% |
| 2021 | 16.86 Percentage of taxable income | +4.4% |
| 2022 | 19.26 Percentage of taxable income | +14.3% |
| 2023 | 19.88 Percentage of taxable income | +3.2% |
| 2024 | 19.08 Percentage of taxable income | -4.0% |
| 2025 | 19.09 Percentage of taxable income | +0.0% |
Latvia compared with similar countries
- Latvia's 19.09 Percentage of taxable income is below the median for high income countries, which is 21.64 Percentage of taxable income, 88% of the median. (54 countries reporting)
- Latvia's 19.09 Percentage of taxable income is below the median for Europe & Central Asia, which is 21.52 Percentage of taxable income, 89% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 15.09 Percentage of taxable income | 14.15 Percentage of taxable income | 15.97 Percentage of taxable income | 3 |
| 2020s | 18.39 Percentage of taxable income | 16.15 Percentage of taxable income | 19.88 Percentage of taxable income | 6 |
Countries ranked near Latvia
- 65 Ukraine 20.64 Percentage of taxable income compare
- 66 Panama 20.25 Percentage of taxable income compare
- 67 Tunisia 20.11 Percentage of taxable income compare
- 69 Switzerland 19 Percentage of taxable income compare
- 70 Lithuania 18.38 Percentage of taxable income compare
- 71 Thailand 18.11 Percentage of taxable income compare
More economy & growth data for Latvia
- Real gdp growth, annual growth rate 96.07 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 5.34 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0125 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 327.81 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.3105 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0091 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 239.37 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -2.79 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0077 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 203.25 units per person (2025)
Frequently asked questions
- What is effective tax rates - corporate tax statistics — effective average in Latvia?
- Effective tax rates - corporate tax statistics — effective average in Latvia was 19.09 Percentage of taxable income in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest effective tax rates - corporate tax statistics — effective average recorded in Latvia?
- The highest recorded value was 19.88 Percentage of taxable income in 2023.
- What is the lowest effective tax rates - corporate tax statistics — effective average recorded in Latvia?
- The lowest recorded value was 14.15 Percentage of taxable income in 2017.
- How does Latvia rank for effective tax rates - corporate tax statistics — effective average?
- Latvia ranks 68th out of 99 countries with data for 2025.
- Is effective tax rates - corporate tax statistics — effective average rising or falling in Latvia?
- Over the last ten years it is up 34.9%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Effective tax rates - Corporate tax statistics — Effective average tax rate. Statizoid updates them automatically from the source API.
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About this data
This table reports synthetic tax policy indicators calculated on the basis of a prospective, hypothetical investment project. Unlike backward-looking ETRs, they do not incorporate any information about firms' actual tax payments.The OECD methodology has been described in detail in the OECD Taxation Working Paper No. 38 (Hanappi, 2018). Further methodological information is available in the explanatory annex.