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Latvia plans for e-invoicing mandatory in public and private sectors

Tuesday 11th June, 2024

The Latvian Ministry of Finance (MoF) has proposed amendments to the Accounting Law to introduce mandatory countrywide e-invoicing.

According to the draft law, the expected timelines are as follows:

• 1 January 2025 - All companies are expected to issue only e-invoices to budget entities (B2G);
• 1 January 2026 - All companies are expected to issue only e-invoices for transactions between private entities (B2B) and transfer
   e-invoice data to the State Revenue Service (Decentralized CTC model).

As per the project description, all businesses under Article 3 (Subjects of the Law) from the Accounting Law are under the scope of these requirements.

In addition, the MoF intends to introduce Peppol as one of the options for e-invoice exchange.

The draft law will be under public consultation until 7 June 2024.

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