diff --git a/README.md b/README.md
index de498ed..ebfc324 100644
--- a/README.md
+++ b/README.md
@@ -114,7 +114,7 @@ Following inputs can be used as `step.with` keys
 | `tag-edge-branch`   | String   | Branch that will be tagged as edge (default `repo.default_branch`) |
 | `tag-match`         | String   | RegExp to match against a Git tag and use first match as Docker tag |
 | `tag-match-group`   | Number   | Group to get if `tag-match` matches (default `0`) |
-| `tag-match-latest`  | Bool     | Set `latest` Docker tag if `tag-match` matches (default `true`) |
+| `tag-match-latest`  | Bool     | Set `latest` Docker tag if `tag-match` matches or on Git tag event (default `true`) |
 | `tag-schedule`      | String   | [Template](#schedule-tag) to apply to schedule tag (default `nightly`) |
 | `sep-tags`          | String   | Separator to use for tags output (default `\n`) |
 | `sep-labels`        | String   | Separator to use for labels output (default `\n`) |
diff --git a/__tests__/meta.test.ts b/__tests__/meta.test.ts
index 27bb9db..7f2f0b2 100644
--- a/__tests__/meta.test.ts
+++ b/__tests__/meta.test.ts
@@ -734,6 +734,31 @@ describe('latest', () => {
         "org.opencontainers.image.licenses=MIT"
       ]
     ],
+    [
+      'event_tag_v1.1.1.env',
+      {
+        images: ['org/app', 'ghcr.io/user/app'],
+        tagMatchLatest: false,
+      } as Inputs,
+      {
+        version: 'v1.1.1',
+        latest: false
+      } as Version,
+      [
+        'org/app:v1.1.1',
+        'ghcr.io/user/app:v1.1.1',
+      ],
+      [
+        "org.opencontainers.image.title=Hello-World",
+        "org.opencontainers.image.description=This your first repo!",
+        "org.opencontainers.image.url=https://github.com/octocat/Hello-World",
+        "org.opencontainers.image.source=https://github.com/octocat/Hello-World.git",
+        "org.opencontainers.image.version=v1.1.1",
+        "org.opencontainers.image.created=2020-01-10T00:30:00.000Z",
+        "org.opencontainers.image.revision=90dd6032fac8bda1b6c4436a2e65de27961ed071",
+        "org.opencontainers.image.licenses=MIT"
+      ]
+    ],
   ])('given %p event ', tagsLabelsTest);
 });
 
diff --git a/action.yml b/action.yml
index dfc3ae8..7403a2d 100644
--- a/action.yml
+++ b/action.yml
@@ -29,7 +29,7 @@ inputs:
     default: '0'
     required: false
   tag-match-latest:
-    description: 'Set latest Docker tag if tag-match matches'
+    description: 'Set latest Docker tag if tag-match matches or on Git tag event'
     default: 'true'
     required: false
   tag-schedule:
diff --git a/dist/index.js b/dist/index.js
index 1706fc8..78fefa3 100644
--- a/dist/index.js
+++ b/dist/index.js
@@ -209,7 +209,7 @@ class Meta {
                 }
             }
             else {
-                version.latest = true;
+                version.latest = this.inputs.tagMatchLatest;
             }
         }
         else if (/^refs\/heads\//.test(this.context.ref)) {
diff --git a/src/meta.ts b/src/meta.ts
index f580a61..5c36a87 100644
--- a/src/meta.ts
+++ b/src/meta.ts
@@ -53,7 +53,7 @@ export class Meta {
           version.latest = this.inputs.tagMatchLatest;
         }
       } else {
-        version.latest = true;
+        version.latest = this.inputs.tagMatchLatest;
       }
     } else if (/^refs\/heads\//.test(this.context.ref)) {
       version.version = this.context.ref.replace(/^refs\/heads\//g, '').replace(/\//g, '-');