- Latvia is implementing e-invoicing mandate for B2G and B2B transactions
- B2G e-invoicing mandate by 2025, B2B by 2026
- Part of strategy to combat shadow economy
- E-invoicing standards to be complied with by all companies in Latvia
- Data to be transferred to State Revenue Service under Continuous Transaction Controls model
- E-invoicing mandates included in Shadow Economy Curtailment Plan
- Real-time reporting requirements and Peppol standard introduction also part of plan
- Technical specifications and further information pending confirmation
- Law still in draft, public consultation period closed in June 2024
Source: marosavat.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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