- Latvian parliament approved amendments to Accounting Law for mandatory e-invoicing
- Implementation timeline:
- January 1, 2025: structured e-invoices in B2G transactions
- January 1, 2026: structured e-invoices in B2B transactions
- Ministry of Finance to develop decentralized CTC e-invoicing model
- Three invoice exchange methods allowed
- Government to work on specific regulations for e-invoicing procedures
- Aim of legislative change: enhance transparency, streamline accounting processes, combat tax fraud in Latvia
Source: sovos.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.
