WorldTax Compareโ† All Comparisons

Latvia vs Namibia
Tax Rate Comparison

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

๐Ÿ‡ฑ๐Ÿ‡ป Latvia
vs
๐Ÿ‡ณ๐Ÿ‡ฆ Namibia
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
20โ€“31%
31% top; NATO spending affecting fiscal balance
No change
0โ€“37%
37% top; oil revenues expected from 2026+
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
12โ€“21%
21% standard maintained
No change
15%
15% stable
No change
Corporate Tax Rate
Corporate Tax Rate
20%
20% distributed profits; Pillar Two active
No change
32%
32%; petroleum fiscal regime evolving for new fields
No change
Capital Gains Tax
Capital Gains Tax
20%
20% as income
No change
0%
CGT reform discussions ongoing
No change
Social Security & Payroll
Social Security / Payroll
~35.09%
Contribution rates stable; pension II pillar growing
No change
~9%
SSC; pension fund development
No change
State, Regional & Local Taxes

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.

๐Ÿ‡ณ๐Ÿ‡ฆ Namibia โ€” Regional Councils & Local Authorities

Namibia's 14 regional councils and local authority councils levy property rates, business licences, and local fees. The Namibia Revenue Agency (NamRA) administers national taxes. Namibia is a significant mining economy โ€” diamonds (Namdeb/De Beers), uranium (one of world's largest producers), copper. A major TotalEnergies Orange Basin offshore oil discovery is advancing toward production. Non-resident shareholders' tax (NRST) at 10%โ€“20% applies on dividends. Namibia has one of Africa's more functional tax administrations.

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.

Latvia vs Namibia: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: ๐Ÿ‡ณ๐Ÿ‡ฆ Namibia has a higher top income tax rate (20โ€“31% vs 0โ€“37%). ๐Ÿ‡ฑ๐Ÿ‡ป Latvia is more favourable for high earners.

๐Ÿ›’ VAT/Sales Tax: Latvia has a higher consumption tax (12โ€“21% vs 15%).

๐Ÿข Corporate Tax: ๐Ÿ‡ฑ๐Ÿ‡ป Latvia offers a lower corporate rate (20% vs 32%), which can influence business location decisions.

๐Ÿ“ˆ Capital Gains: ๐Ÿ‡ณ๐Ÿ‡ฆ Namibia taxes investment gains at a lower rate (0% vs 20%), benefiting investors.

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