As of the beginning of January this year, the total volume of tax debts in Latvia, including current, suspended debts, and debts with extended payment terms, amounted to 815.729 million euros, which is 1.6% less than the previous month and 3.4% less compared to the beginning of last year, according to data from the State Revenue Service (SRS), reports LETA.
As of January 1, 2026, debts to the state basic budget amounted to 336.638 million euros — a decrease of 2.9% compared to the previous month. Debts to local government budgets reached 295.861 million euros, which is 0.9% less, and debts for social contributions amounted to 183.229 million euros, a decrease of 0.4%.
Current debts, on which penalties are charged, accounted for 66.2% of the total debt amount as of January 1, or 540.078 million euros.
According to the data from the State Revenue Service (SRS), as of January 1, debts amounting to 2.139 million euros were recognized as hopeless — these debts were incurred by liquidated enterprises before the completion of the liquidation process.
In turn, in accordance with regulations, debts amounting to 537.939 million euros were recognized as collectible at the beginning of January, including actually collectible debts of 245.408 million euros, and actually uncollectible debts of 292.531 million euros. Of the debts recognized as actually uncollectible, debtors lack cash and assets for enforcement amounting to 292.485 million euros, while the statute of limitations has expired for debts of 45,400 euros.
An extension of the payment deadline was granted as of January 1 for debts totaling 66.074 million euros, which is 31.5% less than a year earlier.
The amount of suspended debts, for which the calculation of penalties has been terminated, was 209.576 million euros at the beginning of January — this amount was formed by debts of enterprises recognized as insolvent.
As of January 1, 2025, the total volume of tax debts in Latvia amounted to 844.276 million euros.
