Insights

As of 01.01.2026, amendments to the Law on Taxes and Duties will come into force. Their purpose is to simplify transfer pricing documentation requirements and reduce the administrative burden on taxpayers. The amendments relate to transactions conducted from the reporting year 2025 onwards.

As of 01.01.2026, amendments to the Law on Taxes and Duties will come into force. Their purpose is to simplify transfer pricing documentation requirements and reduce the administrative burden on taxpayers. The amendments relate to transactions conducted from the reporting year 2025 onwards.

In 2026, significant tax changes come into effect across the Baltic States. This overview highlights the main updates in Latvia, Lithuania and Estonia – from income tax and VAT to social contributions and excise duties – helping businesses plan their tax obligations effectively.

Discover the Upcoming Tax Changes in Latvia for 2026 and Be Ready for the Year Ahead!

Key Tax changes in Latvia

Key Tax rates in Latvia

Tax changes from June 1, 2023

Tax changes 2023

In the beginning of the year, several tax changes were introduced in Estonia, Latvia and Lithuania.

Changes in taxation, effective as of 1 January, 2022

Thin-capitalization rules are Abolished in 2021 and 2022

Nordic Baltic tax 2021

Key changes in tax legislation in the Baltics in 2021

Corporate Income Tax Report on income earned by a non-resident and tax paid in the Republic of Latvia

Changes in taxation, effective as of 1 January 2021

Government support for busineses affected by COVID-19