The Latvian Ministry of Finance has proposed a plan to combat the shadow economy by implementing mandatory e-invoicing for all B2B transactions by December 30, 2025. This will streamline the invoicing process, introduce a technical solution for e-invoice circulation, and enhance monitoring and compliance of VAT payment obligations. Further details are expected to be released in the coming months.
Source Fonoa
Click on the logo to visit the website
- Join the Linkedin Group on Global E-Invoicing/E-Reporting/SAF-T Developments, click HERE
Latest Posts in "Latvia"
- Five Convicted in Latvia’s Admiral 2.0 Tax Evasion Case
- European Commission Opposes Further Latvian Reverse Charge for Timber Supplies
- Single Shipment, Multiple Sales: VAT Zero-Rate Rules in Chain Transactions
- No automatic VAT exemption for Latvian triangular transaction, EU court rules
- European Court T-614/25 (Trading 4 v Valsts ieņēmumu dienests) – Judgment – Attribution of a Single Intra-Community Transport in a Triangular Chain Involving Excise Goods
