Largest taxpayers in Latvia

In 2024 the largest taxpayer in Latvia was SIA "NESTE LATVIJA", which paid €206.3 million in taxes administered by the State Revenue Service (VID). The 147,669 companies in VID’s data paid €11.33 billion in total, and the 100 largest payers accounted for 34.0% of it (VID open data, updated 24/09/2026).

The 20 largest taxpayers in 2024

Taxes administered by VID, net of refunds. The change compares the same company's total a year earlier.

The 20 largest taxpayers in 2024
No.CompanyIndustryTaxes paid, € millionLabour taxes, € millionStaffChange
1SIA "NESTE LATVIJA"47 Retail trade206.31.266−0.7%
2SIA "ORLEN Latvija"46 Wholesale trade202.30.39−14.4%
3SIA "Circle K Latvia"47 Retail trade193.26.7819−0.3%
4SIA "Baltic Sales Network"46 Wholesale trade156.40.111+6.5%
5SIA "PHILIP MORRIS LATVIA"46 Wholesale trade139.41.129+6.4%
6SIA "Pirmas"46 Wholesale trade120.40.766+8.7%
7AS "VIRŠI-A"47 Retail trade101.27.2840+64.6%
8AS "Latvenergo"35 Electricity, gas, steam and air conditioning supply92.828.41,542+28.8%
9SIA "MV GROUP Distribution LV"46 Wholesale trade77.50.659+3.8%
10"Swedbank" AS64 Financial service activities, except insurance and pension funding76.725.61,352+187.2%
11AS "Amber Latvijas balzams"11 Manufacture of beverages72.14.2439+2.7%
12SIA "Rīgas Austrumu klīniskā universitātes slimnīca"86 Human health activities70.063.15,530+13.0%
13Lidl Latvija SIA47 Retail trade69.615.11,442+2.4%
14AS "Sadales tīkls"35 Electricity, gas, steam and air conditioning supply67.027.61,680+14.6%
15SIA "DEPO DIY"47 Retail trade61.021.32,155+13.0%
16AS "SEB banka"66 Activities auxiliary to financial services and insurance activities55.719.9903+275.4%
17Neste Oyj46 Wholesale trade54.60.00−3.2%
18"MAXIMA Latvija" SIA47 Retail trade53.137.56,066+23.4%
19Air Baltic Corporation AS51 Air transport50.750.32,548+27.0%
20Valsts sabiedrība ar ierobežotu atbildību "Paula Stradiņa klīniskā universitātes slimnīca"86 Human health activities49.744.23,875+7.1%

All 100 for 2024

Taxes paid by year

Taxes administered by VID paid by all companies, by year.

2024: 11,332.0 € million

Taxes administered by VID paid by all companies, by year
YearCompaniesTaxes paid, € millionLabour taxes, € millionTop 100 share
2024147,66911,332.06,039.934.0%
2023143,84310,603.85,561.734.9%
2022136,9019,793.84,967.435.7%
2021149,0818,347.94,240.535.6%
2020140,4617,407.43,830.636.5%
2019142,6897,560.33,999.337.1%

How the figures are compiled

The source is the State Revenue Service (VID) open dataset of taxes administered by VID paid by merchants in the last three tax years, published on data.gov.lv under CC0. VID republishes it in place with only the latest years, so Fakts keeps every year once it appears and restored the older years from copies saved by the Internet Archive.

The amount is the total of taxes administered by VID that a merchant paid in the tax year, in thousands of euro. It includes, for example, VAT, excise duty, corporate income tax, personal income tax and state social insurance contributions. VID publishes it net of refunds, so a merchant that got back more than it paid shows a negative total.

Labour taxes are personal income tax and state social insurance contributions, which VID states separately. Staff is VID’s average number of employees in the year. The change compares the same merchant’s total with the year before.

The industry is the main NACE code VID holds for that year. The municipality and the name come from the company’s current entry in the Register of Enterprises.

The data covers merchants: limited liability companies, joint-stock companies, individual merchants, partnerships and branches of foreign merchants. State and municipal institutions, associations and farms are not included.

Sources

Fakts compiles these figures from the datasets above, published on data.gov.lv under the CC0 licence. They are not official statistics.

Questions

Who is the largest taxpayer in Latvia?
In 2024 the largest taxpayer was SIA "NESTE LATVIJA", which paid €206.3 million in taxes administered by VID. SIA "ORLEN Latvija" came second (€202.3 million) and SIA "Circle K Latvia" third (€193.2 million).
Which taxes are included in the total?
Every tax administered by VID that the merchant paid in the year, for example VAT, excise duty, corporate income tax, personal income tax and social contributions. VID publishes the total net of refunds.
Why can a company with few staff pay so much?
The total includes the VAT and excise duty a company pays over on the goods it sells. For fuel, alcohol and tobacco traders these make up most of the total, so they can rank high with few employees. The “Labour taxes” column shows how much of the total is income tax and social contributions.
Why can a company’s total be negative?
VID publishes the total net of refunds. If a company got back more VAT in the year than it paid, an exporter for instance, the total is negative.
Does the list include every company?
It includes the merchants for which VID publishes taxes paid. Institutions, associations and farms are not in it. If a company is in a VAT group, VID publishes the group’s VAT separately, so it may not be in the company’s own total.
How often is the data updated?
Fakts loads the VID and Register of Enterprises data every night. A new year appears once VID publishes it.

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