Sweden vs Latvia
Tax Rate Comparison
Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.
๐ฐ Personal Income Tax Calculator
Enter your income to see your estimated annual tax liability in each country โ side by side.
๐ธ๐ช Sweden โ Municipal Income Tax
Sweden's 290 municipalities and 21 regions each set their own income tax, ranging from ~29% to 35% (avg ~32%). The state income tax of 20% only applies above ~SEK 598,500. Church of Sweden members pay ~1% church fee. No local corporate tax variation.
๐ฑ๐ป 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%โ3% 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.
Sweden vs Latvia: Key Tax Differences (2026)
๐ฐ Income Tax: ๐ธ๐ช Sweden has a higher top income tax rate (32โ52% vs 20โ31%). ๐ฑ๐ป Latvia is more favourable for high earners.
๐ VAT/Sales Tax: Sweden has a higher consumption tax (6โ25% vs 12โ21%).
๐ข Corporate Tax: ๐ฑ๐ป Latvia offers a lower corporate rate (20% vs 20.6%), which can influence business location decisions.
๐ Capital Gains: ๐ฑ๐ป Latvia taxes investment gains at a lower rate (20% vs 30%), benefiting investors.