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Economy > Government > Revenue > Tax Stats: compare key data on Germany & Latvia

Definitions

STAT Germany Latvia
Maximum Income tax rate 45%
Ranked 10th. 96% more than Latvia
23%
Ranked 20th.
Maximum tax rate for individuals 0.0
Ranked 32nd.
24%
Ranked 32nd.
Sales tax, VAT or GST (reduced rate) 7% for foodstuffs (except luxury-), books, flowers etc., 0% for postage stamps. ( Heligoland always 0%) 12% or 0%
Tax burden, % of GDP 37.1
Ranked 15th. 36% more than Latvia
27.2
Ranked 52nd.
Taxes foreign income of nonresident citizens no no
Taxes foreign income of resident foreigners yes yes
Taxes local income of nonresident individuals yes yes
Taxes local income of resident citizens yes yes
Taxes local income of resident foreigners yes yes

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