As of the beginning of March this year, the total tax debt in Latvia, including current, suspended debts and payment deadline extensions, amounted to 823.888 million euros, which is 0.8% less than a month earlier but 1% more than at the beginning of the year, according to data from the State Revenue Service (SRS), LETA reports.
As of March 1, 2026, the debt to the state basic budget amounted to 349.812 million euros (a decrease of 0.8% over the month), debts to municipal budgets were 291.969 million euros (a decrease of 0.7%), and the debt for social insurance contributions was 182.107 million euros (a decrease of 1.1%).
As of March 1, current debts on which penalties are charged accounted for 61.3% of the total debt amount, or 504.69 million euros.
Data from the State Revenue Service (SRS) also show that as of March 1, debts amounting to 2.283 million euros were recognized as hopeless — these debts were incurred by liquidated enterprises before the completion of the liquidation process.
According to regulations, as of the beginning of March, debts amounting to 502.407 million euros were considered collectible, including actually collectible debts of 207.481 million euros and actually uncollectible debts of 294.926 million euros. Of the actually uncollectible debts of 294.87 million euros, debtors lack cash and property that can be seized, while for debts amounting to 55,800 euros, the collection period has expired.
As of March 1, extensions for payment deadlines were granted for debts totaling 84.12 million euros, which is 27.3% more than at the beginning of the year.
The amount of suspended debts, for which the accrual of penalties has been terminated, as of the beginning of March was 235.078 million euros — these are debts of enterprises recognized as insolvent.
As of January 1, 2026, the total tax debt in Latvia was 815.729 million euros.
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