Freedom Score
Latvia to Iceland: tax & freedom compared
How does Iceland score against Latvia? The Freedom Score weighs six dimensions, built on primary government sources.
Net per month€1,626
Per year vs. Latvia+€4,232
Safe Nordic country · EEA access · No wealth tax
Tax
94/100
Residency
99/100
Cost of living
6/100
Living environment
88/100
Mobility
95/100
Ownership
7/100
Compared by dimension
On an average Latvia income of €20,400 gross per year, you keep €19,517 net in Iceland: a difference of €4,232 per year compared with Latvia.
- Tax: on this income Iceland lands at an effective rate of about 4%, against 25% in Latvia.
- Passport and mobility: from Iceland you travel visa-free to 181 countries.
- Residency: on our accessibility scale Iceland scores 99 out of 100 for obtaining residency.
- Living environment: banking, internet, safety and healthcare together give Iceland a living-environment score of 88 out of 100.
Frequently asked questions
- How much do I save by moving from Latvia to Iceland?
- On an average Latvia income it differs by roughly €4,232 net per year. Your own figure depends on your income and situation; calculate it with the free freedom check.
- Is this tax advice?
- No. Libaros compares on the basis of primary government sources and provides information. For personal decisions, consult a qualified adviser.
- What sources is this based on?
- The Freedom Score uses the OECD Tax Database, IATA Timatic, the Henley Visa Index and Eurostat, with direct links to primary government sources.
Order report · €29
Figures from primary government sources. Information, not advice.
Sources
OECD Tax Database · IATA Timatic · Henley Visa Index · Eurostat