Practical tips and up-to-date information on accounting, taxes and business in Latvia — from certified specialists.
The Cabinet of Ministers has confirmed the business risk state fee for 2027. The rate stays the same as in previous years — but that doesn't mean employers can ignore it. Here's what the fee is, who pays it, and where the money goes.
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Micro-enterprise tax in 2026 – a 25% rate on turnover, no complex accounting, no separate calculation of personal income tax (PIT) and social insurance contributions (VSAOI). But is it right for you? This article brings full clarity: who can use the MET, what the pitfalls are, when it's better to choose the general tax regime – and what the legislative amendments changed in 2026.
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In 2026, Latvia's minimum wage rose to €780 and EDS authentication requirements changed, while mandatory e-invoicing between businesses has been pushed back to 2028. This guide brings together VAT, payroll, corporate tax, micro-enterprise tax, and annual report deadlines in one place, with numbers and legal references.
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In 2026 the minimum wage rose to €780, while PIT rates and VSAOI stay unchanged from 2025. This article covers exactly what to review in your payroll calculations, with detailed examples and a checklist.
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There's a critical line between tax optimization and tax evasion. This article covers nine legal, practice-tested techniques that let your SIA pay less tax in 2026 without breaking the law.
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Not an abstract 'implement AI' suggestion, but concrete steps grounded in our own, Balansis, day-to-day experience — automatic bank data sync, receipt digitization, and cash book automation.
Read moreThe Balansis blog provides practical guidance for Latvian business owners and individuals on accounting, taxes and business management. All articles are written by certified accountants and tax consultants with hands-on experience serving Latvian companies.
Guides on bookkeeping, annual reports, accounting software, and obligations for SIA and sole trader owners in Latvia.
Explanations of VAT registration, personal income tax, corporate tax, VSAOI contributions, deadlines, penalties and VID requirements.
Advice on company formation, UR registration, employment law and managing a business in Latvia.
Salary calculations gross and net, employer costs, minimum wage, employee taxes and payroll bookkeeping.