- Mandatory E-Invoicing Implementation: Latvia is set to implement mandatory electronic invoicing, with support from the Cabinet of Ministers as announced by the Ministry of Finance on September 24, 2024, following public consultation on amendments to the Accounting Law.
- Established Timelines: The e-invoicing mandate will be compulsory for government-to-government (G2G) and business-to-government (B2G) transactions starting January 1, 2025, and will expand to include business-to-business (B2B) transactions by January 1, 2026, requiring submission of e-invoice data to the State Revenue Service.
- Legislative Approval Required: The draft law outlining the e-invoicing framework has received significant support but must be approved by the Saeima (Latvian Parliament) to finalize regulations, including those concerning e-invoice distribution channels, while B2C invoices are excluded from the mandate.
Source Comarch
Click on the logo to visit the website
Latest Posts in "Latvia"
- Latvia Postpones Mandatory B2B E-Invoicing to 2028, Allowing Businesses More Preparation Time
- Latvia Delays Mandatory B2B eInvoicing to 2028, Voluntary Adoption from 2026
- Latvia Proposes 2026 VAT Reductions for Publications and Essential Food Items
- Latvia Updates VAT FAQs for Nonresident Online Platforms: Registration, Filing, and Real Estate Rental Rules
- Latvia to Cut VAT on Books and Essential Foods in 2026 to Boost Accessibility
