Taxes and VAT

Latvia cuts excise duty, G7 releases reserves, OPEC+ leaves output targets unchanged — will fuel get cheaper?

Latvia cuts excise duty, G7 releases reserves, OPEC+ leaves output targets unchanged — will fuel get cheaper?

The theoretical impact of October's excise cut is around 8 cents per litre including VAT. We explain how G7 and OPEC+ decisions affect prices and why the promised “up to 20 cents” is not yet a guaranteed saving.

Latvia gives affected farmers tax breathing room: up to 12 months without late-payment interest

Latvia gives affected farmers tax breathing room: up to 12 months without late-payment interest

Farmers whose operations were affected by prolonged rainfall and waterlogging in 2026 may ask Latvia’s State Revenue Service to reschedule overdue tax payments for up to 12 months. No late-payment interest will accrue while an approved schedule is followed, but the relief is not automatic and requires a substantiated application.

EU Customs Reform: How Platform Liability and New Fees Will Change E-Commerce

EU Customs Reform: How Platform Liability and New Fees Will Change E-Commerce

The EU customs reform will make non-EU e-commerce platforms responsible for customs formalities, payments and product compliance. The temporary €3 customs duty is already in force, but final adoption of the wider reform and the amount of the new handling fee are still pending.

Packaging Tax 2026 and the PPWR: What Actually Changes in Latvia from 12 August?

Packaging Tax 2026 and the PPWR: What Actually Changes in Latvia from 12 August?

From 12 August 2026, the EU Packaging and Packaging Waste Regulation will become generally applicable. It does not introduce a single new EU packaging tax, but it does create new obligations concerning packaging compliance, technical documentation, traceability and the composition of food-contact packaging.

Nodokļu izmaiņas 2026: Jaunās prasības SIA un mikrouzņēmumiem

Nodokļu izmaiņas 2026: Jaunās prasības SIA un mikrouzņēmumiem

Finanšu ministrija ir apstiprinājusi vairākas nozīmīgas nodokļu reformas, kas stāsies spēkā 2026. gadā.