Regulatory updates - Latvia
Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.
Latvia is one step closer to mandatory e-invoicing
Latvia is progressing towards countrywide electronic invoicing, reconfirming the timelines for both public and private sectors.
Latvia intends to make e-invoicing mandatory for public and private sectors
The Latvian Ministry of Finance (MoF) has proposed amendments to the Accounting Law to introduce mandatory countrywide e-invoicing.
Planned move toward e-invoicing and CTC obligations by December 2025
The Latvian Ministry of Finance unveiled a plan for implementing mandatory countrywide e-invoicing for businesses guided by the real-time reporting model.
Latvia will introduce mandatory e-invoicing by 2025
The Latvian government have proposed the introduction of the e-invoicing mandate for B2B and B2G sectors as of 2025.
Country specifications
E-Invoicing/CTC Model:
Post Audit
DRAFT LAW:
- B2G 1 January 2025: All companies are expected to issue only e-invoices to budget entities;
- B2B 1 January 2026: All companies are expected to issue only e-invoices for transactions between private entities and transfer e-invoice data to the State Revenue Service
Mandatory Infrastructure:
N/A
Mandatory Format:
– Currently: No explicit requirements
– 2025: Peppol BIS
Mandatory for Issuing:
No explicit requirements
Mandatory for Receiving:
– B2G: All contracting authorities must be able to receive EN compatible formats
– B2B: Buyer’s consent required
eSignature:
Not Required
Archiving Period:
– 5 years (goods and services)
– 10 years (real-estate)
Archiving Abroad:
Allowed under conditions