E-Invoicing in Latvia: What’s Changing and How Businesses Can Prepare

Latvia is undergoing a significant digital transformation in its financial administration, with mandatory structured electronic invoicing set to begin for public sector transactions on January 1, 2025, and for business-to-business (B2B) transactions by January 1, 2026, aimed at reducing VAT fraud and enhancing transparency.
Businesses must comply with specific technical requirements, including using XML format based on the PEPPOL BIS Billing 3.0 standard and reporting invoice data to the State Revenue Service starting in 2026, with potential impacts on both local and international operations.
Melasoft, a certified PEPPOL Access Point provider, offers comprehensive e-invoicing solutions to help businesses adapt to these new regulations, ensuring compliance, integration with existing ERP systems, and support for the required invoicing standards.