Tax changes in 2026

Much has already been written about this, but it is probably worth summarizing in one place – what are the most significant changes in Latvian taxes that will come into effect as of 1.1.26.

1. CBAM. From January 1, 2026, import duties must be paid on CO2 emissions generated outside the EU from the production of the following goods: cement, electricity, fertilizers, iron and metal, aluminum, hydrogen. Each of these goods has its own CN (customs) code, which is specified in the relevant regulation. Until now, these only had to be declared at th…