- Latvia’s fiscalization journey began in 2014 to enhance transparency and accountability in tax and payment registration. The legal framework was established in 2014, with mandatory implementation starting in 2017. Key regulations include Cabinet Regulations from February 2014, which set technical and procedural standards for fiscal devices, ensuring secure transaction recording, and outlined operational procedures for businesses.
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.
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