Latvia's Tax Debts Reach €826.39 Million, Up from Start of Year
Total tax debts in Latvia stood at €826.39 million as of July 1, 2026, an increase of €10.66 million since the beginning of the year.
According to the State Revenue Service (VID), Latvia's total tax debts reached €826.39 million on July 1, 2026, up from €815.729 million on January 1, 2026.
Debts to the state budget amounted to €343.123 million, similar to the previous month. Municipal budget debts totaled €296.719 million, a 3.2% increase month-on-month, while social insurance contribution debts rose by 1.6% to €186.548 million.
Current debts subject to late payment interest accounted for 61.9% of total debts, or €511.201 million. Non-recoverable debts stood at €2.13 million, originating from companies undergoing liquidation.
Of the total, €509.071 million were deemed recoverable, of which €209.967 million were realistically recoverable, and €299.104 million realistically non-recoverable. The latter mostly comprised debts where debtors lack funds or assets (€299.032 million), and €71,800 involved statute of limitations.
Payment extensions were granted for €87.982 million in debts, up 33.2% since the start of the year. Suspended debts, where late payment interest calculation is halted, totaled €227.207 million, consisting of debts from insolvent companies.
