Practical tips and up-to-date information on accounting, taxes and business in Latvia — from certified specialists.
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.
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B2G e-invoices in Latvia have been mandatory since 2025 (for contracts concluded by the end of 2024, no later than 2026). What changes in 2026 is not the requirement itself, but that this invoice data must now also be reported to VID. B2B remains voluntary until 2028.
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We compare the most popular accounting software available in Latvia in 2026 — Moneo, Horizon Cloud, Jumis, Pats.lv, Visma e-conomic, and Excel — honestly weighing each one's strengths and weaknesses.
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.