- The bill “Amendments to the Accounting Act” was introduced to extend the implementation timeline for structured e-invoices by one year, allowing entrepreneurs and software developers more time to adapt to the necessary technological changes.
- The delay is necessary due to the Cabinet of Ministers’ failure to draft required regulations by the initial deadline and significant technological improvements needed for the “Latvija.lv” platform, which currently struggles to handle invoicing processes.
- The proposed extension aims to ensure proper understanding and implementation of e-invoicing in accounting and VAT regulations, ultimately facilitating a smoother transition for businesses and public administration.
Source
- The Latvian parliament has introduced a draft law to delay the B2B e-invoicing mandate by one year, shifting the start date from January 1, 2026, to January 1, 2027.
- The proposed postponement aims to give taxpayers additional time to prepare for the transition to e-invoicing.
- This delay is also intended to ensure that the necessary procedures and regulatory frameworks are in place for a smooth and efficient implementation.
Source Pagero
See also
- See also
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
