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Latvia Tax Information

21% PVN

PVN (VAT) is 21% standard, 12% for gas/heat, 5% reduced. Registration above €40,000. Source: State Revenue Service Latvia.

Consulting Services to Invoice

  • Strategy consulting
  • Management consulting
  • Advisory services
  • Workshop facilitation
  • Retainer arrangements
  • Project consulting

Invoice Requirements in Latvia

Registration number
PVN number if registered
Client details
Invoice number
PVN breakdown
Total in EUR

Payment Terms

Net 30 is standard. Milestone payments for large engagements.

Skaidrā naudā14 dienas30 dienasTermiņš

Payment Methods in Latvia

Bank TransferCredit CardPayPalCash

Consulting Invoice Tips

  • Include professional credentials
  • Break down phases clearly
  • Document deliverables
  • Consider value-based pricing
  • Reference engagement letter

Frequently Asked Questions

What tax rate applies to consulting invoices in Latvia?

Latvia has 21% PVN. PVN (VAT) is 21% standard, 12% for gas/heat, 5% reduced. Registration above €40,000. Source: State Revenue Service Latvia.

What payment methods are common for consultings in Latvia?

Common payment methods in Latvia include: Bank Transfer, Credit Card, PayPal, Cash. Net 30 is standard. Milestone payments for large engagements.

What should consulting invoices include in Latvia?

Your invoice should include: Registration number, PVN number if registered, Client details, Invoice number. For consulting services specifically, also include: Strategy consulting, Management consulting, Advisory services.

How should consultants structure invoices?

Include engagement reference, billing period, hours or deliverables, expenses, and payment terms.

Should consultants charge for travel?

Yes, charge 50% of hourly rate for travel or include in project fee. State policy upfront.

What PVN rates apply in Latvia?

Latvia has 21% standard VAT, 12% for gas and heating, 5% for medical products and books. Zero-rated exports.