Latvia vs Marshall Islands: Taxes on income, profits and capital gains
Latvia
10.3%
in 2024
Marshall Islands
9.7%
in 2020
Latvia rank
131st
Marshall Islands rank
133rd
Taxes on income, profits and capital gains over time
- Latvia
- Marshall Islands
How they compare
Latvia currently reports 10.3% against 9.7% in Marshall Islands, a difference of 0.6%.
That makes Latvia's figure about 1.1 times Marshall Islands's.
The two have swapped places 3 times across 13 shared years of data; in 2008 it was Latvia ahead.
Latvia ranks 131st and Marshall Islands ranks 133rd of 153 countries.
Across the 3 decades both report, Latvia averaged higher in 1 and Marshall Islands in 2.
Head to head by decade
| Decade | Latvia | Marshall Islands | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 12.2% | 11.2% | 0.9% | Latvia |
| 2010s | 8.5% | 11.1% | 2.7% | Marshall Islands |
| 2020s | 6.4% | 9.7% | 3.2% | Marshall Islands |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher taxes on income, profits and capital gains, Latvia or Marshall Islands?
- Latvia, at 10.3% against 9.7% in Marshall Islands as of 2024.
- What is the difference in taxes on income, profits and capital gains between Latvia and Marshall Islands?
- 0.6%, with Latvia ahead.
- How many years of comparable data are there for Latvia and Marshall Islands?
- 13 years are reported by both, from 2008 to 2020.
- How do Latvia and Marshall Islands rank globally for taxes on income, profits and capital gains?
- Latvia ranks 131st and Marshall Islands ranks 133rd of 153 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Taxes on income, profits and capital gains (% of revenue). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.