VAT Compliance - Latvia
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VAT rates
The following VAT rates are currently used in Latvia:
Update: 2025-03-05
Services
The services we provide in this country
Contact usVAT registration
VAT settlement
VAT consulting
VAT rates verification
Intrastat
VAT service
Who is required to register as a VAT payer?
Any person who independently conducts business activities in any form and place, regardless of the purpose and result of these activities, is considered a taxable person (taxpayer).
Obtaining an EU VAT certificate and VAT registration applies to businesses that:
Import goods to the Latvian market
Conduct sales under intra-community sale of goods or acquire goods from the territory of the European Union (intra-community acquisition of goods)
Make purchases and sales of goods in Latvia
Store goods in Latvia for resale
Conduct online sales directly to Latvian consumers
Organise live exhibitions, events or training in Latvia
VAT declarations
Deadlines and regulations
VAT returns are filed monthly or quarterly, depending on the value of taxable supplies.
VAT returns must be submitted electronically no later than the 20th of the month following the accounting period [month/quarter] to which they relate. As of January 1, 2021, all tax payments (including VAT) are to be paid into a new unified tax account of the Latvian tax authorities.
Once you register for Latvian VAT, you must comply with local regulations in many aspects, including:
- electronic invoices should bear the appropriate authentic signature and consent of the recipient
- customers must be properly invoiced for goods or services in accordance with Latvian VAT regulations regarding the time of delivery
- use approved foreign exchange rates
- accounting books should be retained for at least 10 years.
Area of operation
We provide VAT compliance services on a global scale
Talk to us for details or check out our other offers.
Ian Knapton
Sales Director
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Do you sell your products online?
Are you planning a foreign market expansion of your business?
Are you starting selling on Amazon or eBay?
Did your company exceed sales thresholds in cross-border selling and you are obliged to register for VAT in the recipient countries?
Are you starting selling on Amazon or eBay?
Did your company exceed sales thresholds in cross-border selling and you are obliged to register for VAT in the recipient countries?
