Total tax debt in Latvia at EUR 808.252 million in early April

RIGA - At the beginning of April 2026, tax debts in Latvia stood at EUR 808.252 million, a decrease of 1.9 percent month-on-month, and by 0.9 percent less than at the beginning of the year, according to the State Revenue Service.

Tax debts to the central government basic budget stood at EUR 336.399 million, a decrease of 3.8 percent from the beginning of March, and tax debts to local government budgets came to EUR 289.269 million, a drop of 0.9 percent, while overdue social security contributions equaled EUR 182.585 million, up 0.3 percent month-on-month.

As at April 1, current tax debts on which fines for late payment are being calculated made up 60.7 percent of the total amount, or EUR 490.834 million.

Uncollectable debts of the companies under liquidation stood at EUR 2.292 million.

Debts deemed collectible were worth EUR 488.542 million in early April this year, including EUR 193.145 million declared actually collectible, and EUR 295.397 million declared actually uncollectable. Out of the actually uncollectable debts, the debtors owing EUR 295.341 million do not have any money or property, while in cases of debts worth EUR 55,800 the statute of limitation has set in.

As at April 1, the deadline for payment of the debt had been extended for tax debts totaling EUR 87.961 million, which is 33.1 percent more than a month before.

The amount of suspended debts, on which fines for late payment are no longer being calculated, stood at EUR 229.458 million at the beginning of April, with the majority of these debts accumulated by companies that have been declared insolvent.

At the beginning of January 2026, tax debts in Latvia stood at EUR 815.729 million.