- As of 1 January 2025, Latvian companies must issue structured e-invoices to budgetary institutions
- E-invoice mandate will extend to all business-to-business transactions from 1 January 2026
- Multinational entities operating in Latvia should understand the requirements applicable to them
- E-invoices must comply with specific technical standards like XML format and PEPPOL BIS Billing 3.0 standard
- E-invoicing required for all business-to-government transactions in Latvia
- From 1 January 2026, all businesses in Latvia must exchange invoices electronically
- E-invoicing system will allow for different data-exchange methods
- Latvian State Revenue Service to establish technical framework and rules for e-invoice exchange by 1 July 2025
- Multinationals with business interests in Latvia should comply with reporting deadlines and regulations
Source: ey.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.
