Output VAT (aprēķinātais PVN)
In Latvian: Aprēķinātais PVN
Output VAT (aprēķinātais PVN) is the VAT a registered VAT payer has calculated in a tax period on its own supplies of goods and services, plus transactions where it owes the VAT as the recipient. Input VAT is deducted from it, and the difference is paid to the budget.
In the VAT return section headed “Aprēķinātais PVN” the tax is entered by rate: standard rate, 12%, 5%, services received, and goods and services received from other EU countries. VAT at the standard rate goes in row 52.
If output VAT exceeds input VAT, the difference (row 80) is paid within 23 days after the end of the period. If input VAT is larger, the difference (row 70) is an overpayment.
Output VAT belongs in the return for the period in which the supply was made and invoiced or an advance was received, not when the client pays. The exception is cash accounting, available to a VAT payer whose transactions in the previous year did not exceed EUR 100,000.
Example
In September SIA “Ozols” invoiced EUR 20,000 before VAT at 21%. Its output VAT is EUR 4,200, reported in the September return even if some clients pay only in October.
How Fakts handles it
The Fakts VAT summary adds up the VAT on issued invoices by rate for the month or quarter you choose.
Legal basis
- Value Added Tax Law, Section 120 likumi.lv
- Value Added Tax Law, Section 137 likumi.lv
- VID guidance on completing the VAT return (in Latvian) vid.gov.lv
This explanation is for information and does not replace tax or legal advice. The law in its current consolidated text prevails.