- The Latvian Ministry of Finance has proposed a strategy to combat the black market economy, including the implementation of a mandatory e-invoicing system for B2B transactions.
- The strategy aims to simplify the invoicing process and promote efficient management and exchange of e-invoices. It will also include real-time reporting capabilities to improve VAT payment oversight. The government aims to have the system fully operational by December 30, 2025.
Source Taxually
- Timeline of B2B E-Invoicing & E-Reporting mandates in the European Union
- See also Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Latvia"
- Finance Ministry Names Responsible Parties for Ensuring Reduced VAT Benefits Reach Consumers
- Latvia Parliament Amends Tax Administration Rules on Late Payment Interest
- Latvia to Raise VAT on Russian-Language Publications from 5% to 21%
- VAT Reduction for Bread, Milk, Eggs, and Poultry Planned from July 2026 to June 2027
- Latvian Parliament Considers Bill to Reduce VAT on Medicines and Medical Devices to 5%
