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SRS Penalty & Late Interest
Calculator 2026 — Latvia

Calculate SRS late payment interest (0.05%/day) and penalties for overdue tax payments in Latvia. Enter the overdue amount and dates — the result appears instantly.

Late interest 0.05%/day Penalty 1% or 5% Voluntary correction −50%
€
Voluntary correction Penalty reduced by 50%
SRS audit already started Reduction does not apply
Total amount owed to SRS
— €
—
Late payment interest
Overdue amount—
Days overdue—
Daily rate0.05 %
Nokavējuma procenti kopā—
Soda nauda
Soda veids—
Soda summa (pirms samazinājuma)—
Samazinājums—
Soda summa galīgā—
Kopsavilkums
Pamata nodoklis—
Nokavējuma procenti—
Soda nauda—
Kopā jāsamaksā VID—
⚠️ Late interest has reached the maximum amount (40% of principal debt). Calculation stopped per LNN art. 29 s.7.
✓ Brīvprātīgas precizēšanas samazinājums piemērots. Iesniedziet precizētu deklarāciju EDS un samaksājiet vienlaikus, lai saņemtu šo samazinājumu.
SRS Penalty and Late Interest Calculator Latvia 2026 — Balansis

SRS Penalties and Late Interest in Latvia 2026 — What You Need to Know

Overdue tax payments create two additional financial obligations: late payment interest (accrues daily) and penalties (fixed or percentage of the violation amount).

Late Payment Interest — 0.05% per Day (max. 40% of principal)

For each overdue day, SRS charges 0.05% per day of the overdue tax amount (approximately 18.25% per year). Interest starts the day after the payment deadline and stops on the day of full payment.

40% cap (LNN art. 29 s.7): Late payment interest calculation stops when the total interest reaches 2/5 (40%) of the principal debt. At 0.05%/day this cap is reached after exactly 800 days.

  • 1 day overdue on €1,000 = €0.50 interest
  • 30 days overdue on €1,000 = €15.00 interest
  • 365 days overdue on €1,000 = €182.50 interest
  • 800 days overdue on €1,000 = €400.00 interest (cap reached — no further accrual)

Penalties — Three Scenarios

1. Late payment (no declaration violation): Only late interest — if the return was filed on time and the amount was correct, but not paid.

2. Late return filing: Penalty 1% of the calculated tax, minimum €71.14, maximum €711.44 per late month.

3. SRS audit finding: Penalty may be 5–30% depending on severity and whether it is a repeat violation.

Voluntary Correction — Reduces Penalty by 50%

If a taxpayer discovers an error and before SRS starts an audit files a corrected return and pays, the penalty is reduced by 50%. Act immediately — don't wait for SRS.

Frequently Asked Questions about SRS Penalties

Is there a maximum cap on late payment interest?
Yes. Per the Tax and Duty Law art. 29 s.7, late interest stops accruing once it reaches 40% (two-fifths) of the principal debt. At 0.05%/day this cap is reached after exactly 800 days. Example: €800 debt × 800 days = €320 interest = exactly 40% cap; at 900 days the interest remains €320 (capped, not €360).
Does late interest accrue automatically?
Yes. The SRS EDS system calculates late interest automatically from the day after the payment deadline. You can see it in your EDS account under "Tax debts". Interest stops on the day of full payment.
Can SRS waive the penalty?
SRS can reduce the penalty by 50% if the taxpayer voluntarily corrects the return before an audit starts. Full waiver is only possible in exceptional circumstances.
How far back can SRS audit previous years?
SRS can conduct a tax audit and claim additional taxes for the previous 3 years (general rule). In cases of fraud — up to 6 years.
What if I cannot pay the SRS debt immediately?
SRS offers a payment schedule — splitting the debt into monthly instalments over up to 3 years. Late interest continues to accrue during the schedule, but no new penalties arise.
Can late payment interest be waived or reduced?
SRS generally cannot cancel automatically accrued late interest — it is a mandatory charge for each overdue day. However, SRS can grant a payment schedule for up to 3 years, during which further interest accrues but no new penalties are imposed. Early payment is the best strategy to minimise total costs.

Disclaimer — calculator results are indicative only

This calculator uses 2026 Latvia tax rates and provides an approximate result for informational purposes only. Results do not replace the professional advice of a certified accountant or tax consultant. Your individual situation (employment type, exemptions, international aspects, contract structure, etc.) may significantly affect actual tax amounts. Balansis (SIA Wonderstore) accepts no liability for decisions made solely on the basis of this tool.

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