- Latvia is preparing for mandatory adoption of electronic invoicing.
- Ministry of Finance has drafted a bill mandating electronic invoices.
- Mandate applies to public sector and businesses registered in Latvia for VAT purposes.
- Rollout will happen in two phases, starting in 2025.
- By 2026, B2B transactions will also be covered by the mandate.
- Submission of electronic invoice data to the State Revenue Service will be mandatory.
- Invoices must be in XML format and comply with Peppol BIS Billing 3.0 standard.
- Technical specifications for the exchange channel with tax authority are still being finalized.
Source: edicomgroup.com
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
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.
