Which has higher tax rate, Iceland or Latvia?

Latvia, at 19.66 Rate against 18.59 Rate in Iceland as of 2025.

How many years of comparable data are there for Iceland and Latvia?

24 years are reported by both, from 2000 to 2023.

Eurostat, published as Tax rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.

Iceland

18.59 Rate

in 2023

Latvia

19.66 Rate

in 2025

Iceland rank

17th

Latvia rank

14th

Latvia currently reports 19.66 Rate against 18.59 Rate in Iceland, a difference of 1.07 Rate.

That makes Latvia's figure about 1.1 times Iceland's.

The two have swapped places 3 times across 24 shared years of data; in 2000 it was Latvia ahead.

Iceland ranks 17th and Latvia ranks 14th of 34 countries.

Across the 3 decades both report, Iceland averaged higher in 1 and Latvia in 2.

Decade	Iceland	Latvia	Difference	Ahead
2000s	18.2 Rate	24.93 Rate	6.73 Rate	Latvia
2010s	19.82 Rate	26.1 Rate	6.28 Rate	Latvia
2020s	19.41 Rate	18.77 Rate	0.6325 Rate	Iceland

Averages of every year both report within each decade.

Which has higher tax rate, Iceland or Latvia?: Latvia, at 19.66 Rate against 18.59 Rate in Iceland as of 2025.
What is the difference in tax rate between Iceland and Latvia?: 1.07 Rate, with Latvia ahead.
How many years of comparable data are there for Iceland and Latvia?: 24 years are reported by both, from 2000 to 2023.
How do Iceland and Latvia rank globally for tax rate?: Iceland ranks 17th and Latvia ranks 14th of 34 countries.
Where does this data come from?: Eurostat, published as Tax rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.