Glossary

Income tax advance payments

In Latvian: IIN avansa maksājumi

Taxes Updated

Income tax advance payments (IIN avansa maksājumi) were prepayments that self-employed people made during the tax year on income whose tax is settled in the annual return. They have not been required since 1 January 2023, when Section 18 of the law was deleted.

A self-employed person now works out IIN on business income in the annual income tax return and pays it by 23 June of the following year, or by 23 July if income exceeds EUR 105,300. An amount over EUR 640 may be paid in three instalments.

The change does not affect VSAOI: the self-employed still pay their own contributions quarterly, by the 23rd of the following month. Wage tax withheld monthly by an employer is still, in the words of the law, tax paid in advance of the annual settlement.

Example

A designer registered as self-employed made no advance payments in 2025. She works out IIN on her 2025 income in the return filed between 1 March and 1 June 2026 and pays it by 23 June.

Legal basis

This explanation is for information and does not replace tax or legal advice. The law in its current consolidated text prevails.