Tax debts in Latvia reach EUR 839.1 million in early April

RIGA - At the beginning of April 2025, tax debts in Latvia totaled EUR 839.077 million, which is 2.7 percent less than in March 2025 and 0.6 percent less than at the beginning of the year, according to the information released by the State Revenue Service (VID).

This total includes current and suspended debts as well as debts with extended payment deadlines.

As at April 1, 2025, tax debts to the central government basic budget stood at EUR 345.466 million, down 2 percent from the previous month, tax debts to local government budgets came to EUR 300.132 million, down 3.1 percent, while overdue social security contributions equaled EUR 193.479 million, which is a decrease of 3.3 percent against the beginning of March 2025.

Current debts on which fines for late payment are being calculated made up 61.6 percent of the total amount, or EUR 517.054 million.

Debts worth EUR 1.282 million were recognized to be uncollectible, with the majority of these debts accumulated by companies that have been declared insolvent.

The total tax debt at the beginning of 2025 stood at EUR 844.276 million.