Iceland vs Latvia: Tax rate
Iceland
18.59 Rate
in 2023
Latvia
19.66 Rate
in 2025
Iceland rank
24th
Latvia rank
21st
Tax rate over time
- Iceland
- Latvia
How they compare
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 24th and Latvia ranks 21st of 44 countries.
Across the 3 decades both report, Iceland averaged higher in 1 and Latvia in 2.
Head to head by decade
| 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.
Frequently asked questions
- 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 24th and Latvia ranks 21st of 44 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.