Latvia
Business-to-Government (B2G) and Business-to-Business (B2B) e-invoicing
Last month, Tungsten Automation communicated extensively on Latvia’s e-invoicing vision for its country.
E-invoicing in Latvia took a further foothold last month.
A draft law, published on 27 May 2024, has outlined the requirements for Business-to-Government (B2G) and Business-to-Business (B2B) e-invoicing in Latvia.
The Latvian government has indicated a firm timeline to accommodate both, in line the following:
- 1 January 2025: The introduction of B2G e-invoicing in Latvia
- 1 January 2026: The introduction of B2B e-invoicing in Latvia.
In a nod to the intent behind the European Commission’s VAT in the Digital Age (ViDA) proposal, which aims to harmonise e-invoicing and e-reporting practices in Europe, Latvian invoices must be issued in a structured form (an XML format) which is compliant with the European e-invoicing standard, the 16931.
The invoice transmission method is currently under consideration. Agreements between parties, Peppol and a free email service are all touted as potential options, with further detail expected later.
The Latvian government has implied that invoice data will need to be transmitted to the tax authorities. Again, we anticipate further detail on this.
Latvia has launched a public consultation on the draft legislation, with e-invoicing regulations expected in July 2025.
Tungsten Automation is compliant in Latvia. We continue to follow e-invoicing developments in the country with a view to assessing how we can assist our Latvian market.
Further information relating to the B2B and B2G e-invoicing developments can be located on the Latvian Ministry of Finance website:
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