- Latvia plans to introduce mandatory e-invoicing by 2025, following the PEPPOL standard for consistent and secure document management.
- From April 2020, government transactions related to public procurement must adhere to the EU Directive 2014/55/EU, requiring the use of electronic invoices.
- The mandate for 2025 emphasizes conformity to EU specifications for e-invoices, with state and local institutions required to accept electronic invoices that align with these specifications.
- These changes aim to streamline the invoicing system and reflect broader EU directives for enhancing electronic transactions.
- Businesses in Latvia will need to prepare for this transition, embracing the benefits of a more efficient and digitally advanced invoicing ecosystem.
Source SNI
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