Latvia Tax Agency Updates Methodological Material on Taxation of Royalty Income for 2026

The Latvian State Revenue Service Dec. 17 issued updated methodological material on the taxation of royalty income, with changes taking effect Jan. 1, 2026. The updates include: 1) the 780 euro (US$914.61) monthly minimum wage rate for 2026; 2) clarification concerning mandatory state social insurance contributions, including in the calculation examples; 3) clarification on royalties paid by collective management organizations; 4) increases to contract amounts in tax payment regime comparison examples, to more clearly show the differences; 5) revisions to material on minimum compulsory state social insurance contributions; and 6) guidance on filling out electronic individual tax and micro-enterprise tax ...