Tax for the self-employed in Latvia, 2026 · Fixed assets

Over €1,000 — depreciation, not an expense

Something that lasts more than a year and costs more than €1,000 (a computer, phone, car, furniture) is not deducted at once. The purchase goes in column 23 of the journal, and each year only its depreciation is deducted: computers and communication equipment 35% a year of the remaining value or evenly over three years, other assets 20% or five years, buildings 5% or 35 years. If the business runs all year, a full year's depreciation applies whatever the month of purchase; for a shorter year, multiply by months / 12. The method may change at most once in 10 years. Skaidrs does not calculate depreciation yet: mark the purchase not deductible and in December add the year's depreciation as a deductible expense.

Sources

Checked 18.09.2026 An informative summary of the 2026 rules with links to the sources. It does not replace the State Revenue Service's guidance or an accountant — re-check the rates at the start of each year.

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