Payment due date calculator
A due date is the invoice date plus the agreed number of days: 30 days from 1 September is 1 October; where a Latvian contract sets no term, the law gives 30 days from receiving the invoice. Enter a date and a number of days to see the due date in calendar or working days, with a warning when it falls on a weekend or public holiday.
Updated
- Term when the contract is silent
- 30 days from receiving the invoice
- Agreed between businesses
- up to 60 days, longer only if expressly agreed
- Late interest, second half of 2026
- 10.40% a year
- Recovery costs
- EUR 40
Payment terms under Latvian law
In Latvia, payment terms between businesses and with public buyers are set by the Civil Law, which transposes Directive 2011/7/EU on combating late payment. If a contract between businesses sets no term, the debtor is in default when it has not paid within 30 days of receiving the invoice (article 1668.2). Where the date of receipt is unclear, or the invoice arrives before the goods, the 30 days run from receiving the goods or services.
Businesses can agree a term of up to 60 days, and a longer one only if it is expressly agreed and not grossly unfair to the creditor (article 1668.6). Where a public buyer pays, the term is 30 days and can be extended to 60 days only where objectively justified (article 1668.7). Checking goods or services takes at most 30 days unless agreed otherwise (article 1668.5). None of this applies to consumers (article 1668.11).
How the days are counted
In calendar days, the term runs from the invoice date to the same point that many days later (Civil Law article 1495): 30 days from 15 January is 14 February. If the last day falls on a day when the obligation cannot lawfully be performed, the term extends to the next day when it can (article 1498). The calculator then also shows the next working day, but your contract can settle exactly how to handle it.
In working days, Monday to Friday count, skipping public holidays and the day off the law moves in when 4 May or 18 November falls on a weekend. The holidays are the same as in the work calendar. Working days moved by Cabinet order bind only institutions funded from the state budget and are a recommendation for municipalities and businesses, so a payment term ignores them.
When an invoice is paid late
From the day after the due date, the creditor may claim late payment interest without sending a reminder (article 1668.3). The statutory rate between businesses is eight percentage points above the ECB main refinancing operations rate, fixed for each half-year (article 1765). For the second half of 2026 that rate is 2.40%, so late interest is 10.40% a year.
On top of that, the creditor can claim EUR 40 as compensation for recovery costs, again without a reminder (article 1668.9). A contract term that makes the creditor give up late interest is treated as grossly unfair (article 1668.10).
Frequently asked questions
- What is the payment term if the contract does not say?
- Between businesses in Latvia, 30 days from the day the invoice is received (Civil Law article 1668.2). If it is unclear when the invoice arrived, the 30 days run from receiving the goods or services.
- Can businesses agree a payment term longer than 60 days?
- Only if it is expressly agreed and not grossly unfair to the creditor (article 1668.6). Where a public buyer pays, the term cannot exceed 60 days (article 1668.7).
- What if the due date falls on a weekend or holiday?
- Civil Law article 1498 extends a term ending on a day when the obligation cannot lawfully be performed to the next day when it can. The calculator shows the next working day; if your contract covers the case, the contract decides.
- How much late payment interest can I charge in Latvia?
- Between businesses, the ECB main refinancing rate plus eight percentage points a year: 10.40% a year for the second half of 2026. You can also claim EUR 40 in recovery costs.
- Does the term run from the invoice date or the date it is received?
- Unless the contract says otherwise, the law counts 30 days from the day the invoice is received (article 1668.2). An invoice emailed and received the same day has the two dates coincide.
Sources
See which invoices are overdue
Fakts keeps a due date on every invoice, shows the overdue ones, and drafts a reminder to the client that you can edit and send.