Latvia Parliament Amends Tax Administration Rules on Late Payment Interest

• Latvia parliament amended tax administration rules focusing on late payment interest to improve tax administration processes

 

• Tax authorities will not recover overdue payments if debt amount is less than recovery costs with EUR 15 threshold for real estate taxes

 

• Interest on late tax payments will be calculated semi monthly on 1st and 15th of each month instead of daily accrual

 

• Late payment penalties will not apply in specific cases including when overdue payments are received by month end or next scheduled calculation date

 

Amendments allow tax authorities to restrict access to certain domain names or IP addresses for e commerce control and take effect October 3 2025

Source: regfollower.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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