Latvia published the Law on Amendments to the Law on Taxes and Duties on 19 September 2025. Some of the main amendments include new rules on late payment interest. This includes:
- Interest on late tax payments (excluding customs duties) is calculated twice monthly, on the 1st and 15th of each month, replacing the previous daily accrual model; and
- Late payment interest will not be charged in the following cases:
- if the overdue amount is paid before the end of the month in which the original p…