RIGA, May 25 (LETA) - At the beginning of May 2026, tax debts in Latvia stood at EUR 834.463 million, an increase of 3.2 percent month-on-month, and by 2.3 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 350.513 million, an increase of 4.2 percent from the beginning of April, and tax debts to local government budgets came to EUR 292.423 million, up 1.1 percent, while overdue social security contributions equaled EUR 191.527 million, an increase of 4.9 percent month-on-month.

As at May 1, current tax debts on which fines for late payment are being calculated made up 60.9 percent of the total amount, or EUR 508.218 million.

Uncollectable debts of the companies under liquidation stood at EUR 2.327 million.

Debts deemed collectible were worth EUR 505.891 million in early May this year, including EUR 210.414 million declared actually collectible, and EUR 295.476 million declared actually uncollectable. Out of the actually uncollectable debts, the debtors owing EUR 295.423 million do not have any money or property, while in cases of debts worth EUR 53,100 the statute of limitation has set in.

As at May 1, the deadline for payment of the debt had been extended for tax debts totaling EUR 94.258 million, which is 42.7 percent more than at the beginning of the year.

The amount of suspended debts, on which fines for late payment are no longer being calculated, stood at EUR 231.987 million at the beginning of May, 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.