Work in the summer
Read articleSummer employment for school students in 2026
Practical guidance for employers and parents on summer jobs for school students, payroll taxes, EDS records and tax allowances.
News and explanations
News
Practical news about taxes, reports, payroll and accounting changes in Latvia.
News
E-commerce
Read article€3 customs duty on e-commerce consignments
From 1 July 2026, new customs rules apply to low-value consignments arriving from countries outside the European Union.
UR
Read articleUpdating the articles of association of joint-stock companies in 2026
Joint-stock companies had to update by July 1, 2026 articles of association, excluding information about the form of shares.
VSAOI
Read articleChanges to minimum VSAOI in 2026
In 2026, the procedure for minimum social contributions was clarified self-employed, employers and employees with III disability group.
2026
Read articleTax and financial changes in 2026
The year 2026 brings several changes to companies that affect work salary calculation, value added tax, excise tax, corporate income tax and communication with state institutions.
PVN
Read article12% VAT rate for certain food products
From July 1, 2026, a termed pilot project begins, in which a 12% VAT rate is applied to certain deliveries of food products.
UIN
Read articleUIN amendments in 2026: what you need to know about dividends
From 2026, it is available to companies under certain conditions alternative tax application model at the time of dividend distribution, however, it is not automatic and does not apply to all profits types of reduction.
EDS
Read articlePayroll tax booklet in EDS: practical guidance for 2026
The payroll tax booklet is an electronic section of EDS where an employee designates their main place of income and records the information required for tax relief.
VID
Read articleVID reorganization in 2026: what has changed for companies
In 2026, the institutional structure of the State Revenue Service changed structure: investigative functions separated in a new institution, but gambling and lottery monitoring integrated VID.
Deadlines
Read articlePreparing the Annual financial statements without last-minute stress
A qualitative annual financial statement does not start on the day of submission, but with timely verification of documents, balances and management decisions.
Important updates, clearly explained
FinServices news section is intended for practical management questions: what changes, when it concerns the company and what documents must be prepared.
FAQ
Frequently asked questions about FinServices news
How to read tax and business news and check if changes apply to a specific company.
Which topics are covered in the news section?
The section covers important changes in tax, accounting, payroll, annual reporting and administrative requirements, with practical explanations and links to primary sources.
Does an article constitute individual tax advice?
No. An article explains a change in general terms. Its effect on a specific company depends on the company’s legal form, tax status, transactions, employees and documents for the relevant period.
How can I check whether an article is still up to date?
Pay attention to the date of publication and at the end of the article to the specified official sources. If the regulation has changed later, the latest version of the normative act should be used for the decision or explanation of the institution.
Why do FinServices articles link to external sources?
The links allow the reader to check the original information VID, VSAA, in the materials of the Ministry, the Enterprise Register or Likumi.lv. FinServices article complements the source with practical context, rather than replacing the official text.
Are FinServices articles copied from external news sources?
No. Each publication is an original FinServices page explaining the topic and its practical significance, with links to official sources for verification and further reading.
How to choose which changes the company should put into practice?
First determine whether the change affects the company’s tax regime, transactions, employees or legal form. Then prepare a concrete action list covering system settings, document updates, deadlines and responsible persons.
Does the publication date mean that a change is already in force?
Not always. An article may describe an adopted amendment before it takes effect. Check the effective date and any transitional provisions in the article and the official source.
What if an official source differs from an older FinServices article?
Use the current legislation and latest official information when making a decision. Please notify FinServices of any discrepancy so that the publication can be reviewed.