- Mandatory e-Invoicing Introduction: Latvia mandates e-Invoicing starting January 2025 for public sector transactions, extending to all businesses by January 2026.
- Regulatory Amendments: The Latvian Ministry of Finance amended the Accounting Law to require e-Invoices, enhancing transparency and compliance with EU standards.
- Implementation Phases: Phase one focuses on government-related transactions starting January 2025, and phase two extends to business-to-business (B2B) transactions by January 2026.
- Compliance and Challenges: Businesses must integrate compatible software, train staff, and update systems to meet the new e-Invoicing requirements.
- Technical Infrastructure: Latvia will use the Peppol e-delivery network for secure and standardized e-Invoice transmission, supporting seamless cross-border transactions within the EU.
Source RTCsuite
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See also
- E-Invoicing/Real Time Reporting – What can you find on VATupdate.com
- Worldwide Upcoming E-Invoicing mandates, implementations and changes – Chronological
- Collection of E-Invoicing Guides – Worldwide – VATupdate
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
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