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Latvia introduces mandatory B2B e-invoicing

Latvia introduces mandatory B2B e-invoicing

The Latvian Ministry of Finance has implemented a mandatory e-invoicing system for business-to-business (B2B) transactions.

The Ministry of Finance in Latvia has recently unveiled a proposed strategy to tackle the black market economy (covering the years 2024 to 2027). This strategy features the introduction of a mandatory e-invoicing system for business-to-business (B2B) transactions.

Under the proposed strategy, the creation and exchange of structured electronic invoices for B2B transactions will be obligatory. The aim of this move is to simplify the invoicing process and to implement a digital solution that facilitates the efficient management and exchange of e-invoices. The system will also incorporate real-time reporting capabilities, intended to improve the oversight and adherence to VAT payment rules.

The government plans to have its mandatory e-invoicing system fully operational by December 30, 2025.

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April 2, 2024
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Lorem Ipsum has been the industry's standard dummy text ever since the 1500s,
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when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries
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