The State Revenue Service (SRS) annually presents awards to Latvia’s largest taxpayers – companies whose responsible, sustainable, and fair business practices make a significant contribution to the country’s economic development. Today, on May 22, 2026, the awards for the largest taxpayers were presented for the 28th time.
During the official ceremony, “Taxpayer of the Year Award 2025,” Director General of the State Revenue Service Baiba Šmite-Roķe presented awards and certificates of recognition, honouring entrepreneurs across all regions of Latvia in the large, medium-sized, and small business categories, while also expressing appreciation to the country’s most significant exporter and the most responsive SRS cooperation partner.
Addressing those in attendance, Minister of Finance Arvils Ašeradens said: “The state provides more than 1,000 different services used by every resident of Latvia – ranging from security and education to modern infrastructure. This is made possible thanks to companies that pay taxes. Your responsibility and work are the driving force behind the growth of the national economy.”
Director General of the SRS Baiba Šmite-Roķe commented: “The key to the success of every strong company is its people – their work, courage, perseverance, and ability to grow. The Large Taxpayer Award is our opportunity to thank entrepreneurs whose contribution helps build a strong and prosperous Latvia.”
The Most Responsive SRS Cooperation Partner of 2025:
Evita Goša, Head of the Shadow Economy Prevention Working Group at the Foreign Investors’ Council in Latvia (FICIL).
Largest Taxpayers of 2025 – Riga and Riga Region:
• ACCENTURE LATVIA BRANCH – Largest taxpayer in the large taxpayer category
• CIRCLE K BUSINESS CENTRE Ltd. – Largest taxpayer in the medium-sized taxpayer category
• GRIFS AG Ltd. – Largest taxpayer in the small taxpayer category
Largest Taxpayers of 2025 – Kurzeme Region:
• UPB JSC – Largest taxpayer in the large taxpayer category
• JENSEN METAL Ltd. – Largest taxpayer in the medium-sized taxpayer category
• PRIEDES AG Ltd. – Largest taxpayer in the small taxpayer category
Largest Taxpayers of 2025 – Latgale Region:
• LIGHT GUIDE OPTICS INTERNATIONAL Ltd. – Largest taxpayer in the large taxpayer category
• AXON CABLE Ltd. – Largest taxpayer in the medium-sized taxpayer category
• DAUGAVPILS SPECIALIZED TRANSPORT COMPANY JSC – Largest taxpayer in the small taxpayer category
Largest Taxpayers of 2025 – Vidzeme Region:
• STORA ENSO LATVIA JSC – Largest taxpayer in the large taxpayer category
• WOLTEC Ltd. – Largest taxpayer in the medium-sized taxpayer category
• ADVEN LATVIA Ltd. – Largest taxpayer in the small taxpayer category
Largest Taxpayers of 2025 – Zemgale Region:
• VIRŠI-A JSC – Largest taxpayer in the large taxpayer category
• LAFLORA Ltd. – Largest taxpayer in the medium-sized taxpayer category
• BRAND ON DEMAND Ltd. – Largest taxpayer in the small taxpayer category
Most Significant Exporter in Latvia in 2025:
LATVIJAS FINIERIS JSC
As a token of appreciation and recognition for their responsible work, companies once again received the traditional award specially designed for this ceremony, along with a Certificate of Recognition.
The visual concept of the award symbolizes inner growth and vitality. A flourishing tree was selected as a symbol of successful entrepreneurship and a sustainable economy, representing the journey from the emergence of a new business idea to its successful implementation and growth, thereby contributing to the national economy and overall prosperity of the country.
