- Latvia launched a public consultation on draft e-invoicing regulation
- Regulation includes technical standards, transmission channels, and compliance timelines
- Taxpayers must submit e-invoices within five working days using approved formats
- Acceptable submission methods include electronic addresses, service platforms, and the Tax Agency’s system
- E-invoices must use XML format compliant with UBL and PEPPOL standards
- Mandatory e-invoicing for government transactions starts January 1, 2026
- Mandatory e-invoicing for B2B transactions starts January 1, 2028
- Voluntary B2B e-invoicing allowed from January 1, 2026
- Public comments open until June 23, 2025
- Regulation aligns with EU digital reporting standards once finalized
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Latvia"
- 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
- Latvia to Mandate E-Invoicing for Businesses and Government Starting January 2026
- Latvia Proposes Lower VAT for Select Foods and Publications in 2026 State Budget
