- Use of certified fiscal devices is mandatory with registration and certification at the State Revenue Service
- Receipt layouts and elements are strictly defined with mandatory issuance of various types of receipts
- Cash and similar payments must be fiscalized with defined limits and regulations for vouchers and cash management
- Rules exist for broken POS scenarios and limited use of manual receipt books
- Data archiving through fiscal memory and backups is mandatory with penalties for non-compliance
Source: fiscal-requirements.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"
- Comprehensive Guide on Fiscal Devices, Business Processes, Registration, Sales Channels, and Compliance Penalties
- Latvia’s Fiscalization System: Devices, Requirements, Documents, and Support for Compliance
- Guidelines for Using Electronic Devices in Tax Recording: Scope, Obligations, and Compliance Procedures
- Key Topics in Regulations for Electronic Tax Recording Devices and Equipment Requirements
- Latvia’s Mandatory Fiscalisation System: Hardware-Based Compliance and Certified POS Requirements
