Latvian Customs Import and Export Taxes and Fees

Summary:

This article outlines the import taxes and fees imposed by Latvia on all goods imported from non-EU countries, detailing the calculation of customs duties and value-added tax (VAT), as well as the standard tax threshold. It also touches on additional duties for specific goods and extra customs fees for the inspection and verification of imported goods.

Overview

Import taxes and fees are levied on all goods imported into Latvia (from non-EU countries) by both individuals and businesses. All import taxes and fees are calculated based on the freight value, which is the Cost, Insurance, and Freight (CIF) price.

Customs Duties

Latvia's customs duty rates generally range from 0% (e.g., books) to 17% (e.g., Wellington boots). Certain goods, such as laptops, mobile phones, digital cameras, and game consoles, are exempt from customs duties. Specific goods may be subject to additional duties based on the country of origin, such as an extra 48.5% anti-dumping duty on bicycles manufactured in China.

Value Added Tax (VAT)

Latvia's VAT is calculated as follows: Standard VAT rate (21%) x (CIF value + Import Customs Duty).

Standard Tax Threshold

Latvia has a Standard Tax Threshold for import taxes and fees. Import goods with a Free on Board (FOB) value of up to EUR 150 are exempt from customs duties, and import goods with an FOB value of up to EUR 22 are exempt from VAT.

Other

Excise Tax: This tax is levied on specific goods like tobacco products.
Additional Customs Fees: These fees are charged for inspection, verification, and testing of imported goods at custo