Professional B2B invoices
An invoice with a contract number, your logo and business details — in Latvian or English. Numbering and payment terms — the system keeps track and shows who's late.
For business, marketing and finance consultants
Advise your clients — not your accountant.
Consulting is invoices, contracts and deadlines — and every client wants things their way. Vadi issues professional B2B invoices, tracks your expenses and prepares the declarations itself — from €9/month.
- B2B invoices with a contract number, your logo and payment terms
- A list of unpaid invoices — see which client is late
- Quarterly social-contribution report and annual declaration — ready to file
7 days free no cardFrom €9/mo incl. VAT
What a consultant needs to know about taxes
1
Register your economic activity with VID
Consulting for a fee is economic activity — even alongside salaried work or a board position. Registration with the tax office (VID) is free, online via EDS.
2
EU clients — a VAT nuance
Providing consulting to a company in another EU country can trigger a VAT-registration duty even before €50,000 in turnover. Vadi flags such transactions and warns you.
3
Work expenses lower your tax
Computer, phone, software, professional literature, courses and business trips — under the general regime all of it is deducted from income.
What Vadi does for you
You work with clients — Vadi handles the paperwork in the background.
Expenses without the shoebox of receipts
Drop in an invoice PDF or snap a receipt — the amount, date and supplier fill in by themselves. Under the general regime every expense lowers your tax.
VAT watchdog
The turnover threshold, EU clients, foreign service invoices under reverse-charge VAT — Vadi recognises these situations and puts them on the right lines of the declaration.
Contributions & annual return
The quarterly social-contribution (VSAOI) report and the annual income declaration (D3) — computed from your records, ready to file in EDS. The calendar reminds you of deadlines.
MUN or the general regime
For a consultant with low expenses MUN is often simpler; as expenses grow, the general regime can be cheaper. Compare in the calculator.
How much of your fees will go to taxes?
Enter your monthly income and expenses — the calculator shows the MUN and the general regime side by side, with real figures. No sign-up.
Open the calculatorFrequently asked questions
What taxes does a self-employed consultant pay?
Under the general regime: social contributions (VSAOI) of 31.07% on a chosen base (at least the minimum wage of €780 if your monthly income reaches it) plus 10% for pension insurance on the excess, and in the annual declaration personal income tax (IIN) of 25.5% on profit after deducting paid VSAOI. The alternative is the micro-enterprise tax (MUN) of 25% of turnover with no expense deduction.
Can I consult alongside a day job?
Yes — salaried work and economic activity aren't mutually exclusive. You record and declare consulting income as a self-employed person; your employer keeps handling your payroll taxes as before. Vadi handles exactly the self-employed side.
My client is an EU company — what changes?
Providing services to a company in another EU country can create a duty to register in the VAT register even before the €50,000 threshold, and such transactions must be shown in the VAT declaration. Vadi flags them and warns you; confirm the exact procedure with VID.
MUN or the general regime — which is better for a consultant?
For a consultant with low expenses, MUN at 25% of turnover is often the simplest route. If you spend on hardware, software, travel and training, the general regime with expense deduction can work out cheaper. Compare both in our calculator with your own numbers.
How much does Vadi cost for a consultant?
From €9/month (incl. VAT) — invoices in LV/EN, income and expense tracking, VSAOI and income-tax calculations, the annual declaration and the tax calendar. The first 7 days are free and no card is required.
Vadi isn't only for consultants. The same system works for every self-employed person and company in Latvia.
Start today
Consulting bookkeeping at a professional level
Sign up and issue your first invoice in minutes — Vadi shows how much to pay VID and when.
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