- Latvia is implementing e-invoicing for both Business-to-Government (B2G) and Business-to-Business (B2B) transactions
- A draft law outlining the requirements was published on 27 May 2024
- B2G e-invoicing will be introduced on 1 January 2025, followed by B2B e-invoicing on 1 January 2026
- Invoices must be issued in a structured XML format compliant with the European e-invoicing standard
- The method of invoice transmission is still under consideration
- Invoice data will need to be transmitted to tax authorities
- Public consultation on the draft legislation is ongoing, with regulations expected in July 2025.
Source: tungstenautomation.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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