RIGA, March 30 (LETA) - At the beginning of March 2026, tax debts in Latvia stood at EUR 823.888 million, a decrease of 0.8 percent month-on-month, and by 1 percent more than at the beginning of the year, according to the State Revenue Service.

Tax debts to the central government basic budget stood at EUR 349.812 million, a decrease of 0.8 percent from the beginning of February, and tax debts to local government budgets came to EUR 291.969 million, a drop of 0.7 percent, while overdue social security contributions equaled EUR 182.107 million, down 1.1 percent month-on-month.

As at March 1, current tax debts on which fines for late payment are being calculated made up 61.3 percent of the total amount, or EUR 504.69 million.

Uncollectable debts of the companies under liquidation stood at EUR 2.283 million.

Debts deemed collectible were worth EUR 502.407 million in early March this year, including EUR 207.481 million declared actually collectible, and EUR 294.926 million declared actually uncollectable. Out of the actually uncollectable debts, the debtors owing EUR 294.87 million do not have any money or property, while in cases of debts worth EUR 55,800 the statute of limitation has set in.

As at March 1, the deadline for payment of the debt had been extended for tax debts totaling EUR 84.12 million, which is 27.3 percent more than a month before.

The amount of suspended debts, on which fines for late payment are no longer being calculated, stood at EUR 235.078 million at the beginning of March, with the majority of these debts accumulated by companies that have been declared insolvent.

At the beginning of January 2026, tax debts in Latvia stood at EUR 815.729 million