WorldTax Compareโ† All Comparisons

Liberia vs Latvia
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ฑ๐Ÿ‡ท Liberia
vs
๐Ÿ‡ฑ๐Ÿ‡ป Latvia
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
0โ€“25%
25% top; fiscal reform priority
No change
20โ€“31%
31% top; NATO spending affecting fiscal balance
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
10%
GST 10% maintained
No change
12โ€“21%
21% standard maintained
No change
Corporate Tax Rate
Corporate Tax Rate
25%
25%; natural resource revenue reform
No change
20%
20% distributed profits; Pillar Two active
No change
Capital Gains Tax
Capital Gains Tax
15%
15% CGT
No change
20%
20% as income
No change
Social Security & Payroll
Social Security / Payroll
~9%
NASSCORP reform; pension development
No change
~35.09%
Contribution rates stable; pension II pillar growing
No change
State, Regional & Local Taxes

๐Ÿ‡ฑ๐Ÿ‡ท Liberia โ€” County & District Taxes

Liberia's 15 counties and districts collect local taxes including property tax (1%โ€“3% of market value), business licence fees, and local service charges. The Liberia Revenue Authority (LRA) administers national taxes. Liberia uses the US dollar alongside the Liberian dollar. The country was devastated by civil wars (1989โ€“2003) and the 2014โ€“16 Ebola epidemic. Iron ore (ArcelorMittal, China Union), rubber, palm oil, and timber are key exports. Tax reform has been a focus of post-conflict reconstruction under successive administrations.

๐Ÿ‡ฑ๐Ÿ‡ป Latvia โ€” Municipal Income Tax

Latvia's 119 municipalities levy a local income tax portion โ€” 80% of income tax goes to municipalities, 20% to the state. The effective split means municipalities directly benefit from local earnings. Property tax (nekustamฤ ฤซpaลกuma nodoklis) is set by municipalities at 0.2%โ€“3% of cadastral value. Latvia uses the progressive income tax system introduced in 2018 (replacing the flat 23%). Vehicle tax and business risk duty are national.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Liberia vs Latvia: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ฑ๐Ÿ‡ป Latvia has a higher top income tax rate (0โ€“25% vs 20โ€“31%). ๐Ÿ‡ฑ๐Ÿ‡ท Liberia is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Latvia has a higher consumption tax (10% vs 12โ€“21%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฑ๐Ÿ‡ป Latvia offers a lower corporate rate (20% vs 25%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ฑ๐Ÿ‡ท Liberia taxes investment gains at a lower rate (15% vs 20%), benefiting investors.

Related Comparisons

๐Ÿ‡ฑ๐Ÿ‡ท Liberia vs ๐Ÿ‡ฆ๐Ÿ‡ฉ AndorraTax comparison๐Ÿ‡ฑ๐Ÿ‡ท Liberia vs ๐Ÿ‡ฒ๐Ÿ‡จ MonacoTax comparison๐Ÿ‡ฑ๐Ÿ‡ท Liberia vs ๐Ÿ‡ฑ๐Ÿ‡ฎ LiechtensteinTax comparison๐Ÿ‡ฑ๐Ÿ‡ท Liberia vs ๐Ÿ‡ธ๐Ÿ‡ฒ San MarinoTax comparison๐Ÿ‡ฑ๐Ÿ‡ท Liberia vs ๐Ÿ‡ง๐Ÿ‡ง BarbadosTax comparison๐Ÿ‡ฑ๐Ÿ‡ท Liberia vs ๐Ÿ‡น๐Ÿ‡น Trinidad and TobagoTax comparison๐Ÿ‡ฑ๐Ÿ‡ท Liberia vs ๐Ÿ‡ง๐Ÿ‡ธ BahamasTax comparison๐Ÿ‡ฑ๐Ÿ‡ท Liberia vs ๐Ÿ‡ง๐Ÿ‡ฟ BelizeTax comparison๐Ÿ‡ฑ๐Ÿ‡ท Liberia vs ๐Ÿ‡ณ๐Ÿ‡ฎ NicaraguaTax comparison๐Ÿ‡ฑ๐Ÿ‡ท Liberia vs ๐Ÿ‡ฌ๐Ÿ‡พ GuyanaTax comparison๐Ÿ‡ฑ๐Ÿ‡ท Liberia vs ๐Ÿ‡ธ๐Ÿ‡ท SurinameTax comparison๐Ÿ‡ฑ๐Ÿ‡ท Liberia vs ๐Ÿ‡ซ๐Ÿ‡ฏ FijiTax comparison