Practical tips and up-to-date information on accounting, taxes and business in Latvia — from certified specialists.
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.
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50+ questions on SIA registration, taxes, the board, banking, and liquidation — answers based on the Commercial Law, VID and Register of Enterprises materials (checked in 2026).
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Since July 1, 2023, only accountants holding a license issued by the State Revenue Service (VID) may provide outsourced accounting services in Latvia. Here's what the license is, how to check it, and why it matters for your SIA.
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Before you sign with an accounting firm, check the one thing that's actually a legal requirement — a VID license. Certificates and associations are useful, but only the license determines whether a firm may legally provide the service at all.
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Reverse-charge VAT, work acceptance certificates, project cost tracking, and subcontractor joint liability — how to get construction company accounting right in Latvia in 2026, and where the most expensive mistakes happen.
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.