On 12 November 2024, the amendments to the Accounting Law were promulgated, confirming the introduction of the electronic invoicing obligation in the country.
- Mandatory Electronic Invoicing: As of 1 January 2025, B2G e-invoicing is required for resident companies in Latvia to state budget entities, with a transition period until 1 January 2026 for contracts signed by 31 December 2024.
- B2B E-Invoicing: From 1 January 2026, B2B e-invoicing and invoice data reporting to the State Revenue Service (SRS) will be mandatory; detailed rules will be announced in May 2025.
- Compliance and Verification: E-invoices must meet EU standards, and businesses can verify public buyers as budget entities via the Central Statistical Board’s website.
Source: Orbitax
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
