Georgia vs Latvia: Paying taxes: Profit tax
Georgia
7.8%
in 2019
Latvia
7.8%
in 2019
Georgia rank
156th
Latvia rank
156th
Paying taxes: Profit tax over time
- Georgia
- Latvia
How they compare
Georgia currently reports 7.8% against 7.8% in Latvia, a difference of 0.0%.
The two have swapped places 1 time across 15 shared years of data; in 2005 it was Georgia ahead.
Georgia ranks 156th and Latvia ranks 156th of 190 countries.
Georgia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Georgia | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 13.1% | 6.7% | 6.3% | Georgia |
| 2010s | 12.9% | 6.0% | 6.9% | Georgia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher paying taxes: profit tax, Georgia or Latvia?
- Georgia, at 7.8% against 7.8% in Latvia as of 2019.
- What is the difference in paying taxes: profit tax between Georgia and Latvia?
- 0.0%, with Georgia ahead.
- How many years of comparable data are there for Georgia and Latvia?
- 15 years are reported by both, from 2005 to 2019.
- How do Georgia and Latvia rank globally for paying taxes: profit tax?
- Georgia ranks 156th and Latvia ranks 156th of 190 countries.
- Where does this data come from?
- The World Bank, published as Paying taxes: Profit tax (% of profits). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The profit tax measures the amount of income taxes borne by the business in the second year of operation, expressed as a share of commercial pro?t.