Regulatory updates - Latvia

Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements.

Get the latest news and updates on e-invoicing, e-ordering, e-archiving and indirect tax regulatory requirements for Latvia.
September 30 2024

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.

May 29 2024

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.

 

February 8 2024

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.

October 22 2021

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

 
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