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Latvia’s Shift to Mandatory e-Invoicing: A Comprehensive Guide to the Transition Timeline and Its Implications

  • Mandatory e-Invoicing Introduction: Latvia mandates e-Invoicing starting January 2025 for public sector transactions, extending to all businesses by January 2026.
  • Regulatory Amendments: The Latvian Ministry of Finance amended the Accounting Law to require e-Invoices, enhancing transparency and compliance with EU standards.
  • Implementation Phases: Phase one focuses on government-related transactions starting January 2025, and phase two extends to business-to-business (B2B) transactions by January 2026.
  • Compliance and Challenges: Businesses must integrate compatible software, train staff, and update systems to meet the new e-Invoicing requirements.
  • Technical Infrastructure: Latvia will use the Peppol e-delivery network for secure and standardized e-Invoice transmission, supporting seamless cross-border transactions within the EU.

Source RTCsuite


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See also

  • Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE

 

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