Do you need to invoice businesses in Latvia?
If you answered yes, you may need electronic invoice processing.
Transalis eInvoice™ is a trusted provider of digital invoice processing with companies in Latvia
More and more countries, including Latvia, are looking for new ways to streamline their processes, eliminate tax avoidance and collect more VAT. Already across the EU, government and public sector organisations are required to use B2G eInvoice processing, and B2B suppliers are being encouraged do the same.
An eInvoice solution from Transalis will streamline your invoice processing with trading partners in Latvia.
- Reduce time spent on administrative tasks
- Improve accuracy and minimise disputes
- Remain compliant with complex cross-border regulatory and tax requirements
- Automate invoice validation
- Speed up the entire billing process
eInvoicing in Latvia
eInvoicing with Transalis eInvoicing in Latvia
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If you have any questions just get in touch. Our team of expert consultants are on hand to help with anything you need.
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Latvia eInvoicing regulations
June 2024
Latvia: Pushes forward with electronic invoicing implementation.
The Latvian Ministry of Finance has announced a significant step towards modernising its economic infrastructure. By the 31st of December 2025, mandatory electronic invoicing for business-to-business (B2B) transactions will be fully implemented for relevant taxpayers. This move aims to streamline processes, enhance transparency and combat the grey economy.
At the end of January 2024, in line with the B2B initiative, Latvia unveiled a comprehensive 4-year plan to effectively tackle the country’s challenges. A pivotal aspect of this plan is the promotion of non-cash transactions, with a particular emphasis on e-invoicing.
The upcoming 2025 e-invoicing rollout will encompass transactions not only between businesses (B2B) but also those involving government agencies (B2G). The structured ‘Peppol’ invoice is expected to emerge as the default e-invoicing standard, aligning with European standards (EN 16931-1:2017 and CEN/TS16931-2:2017), as outlined in the Finance Ministry’s informational report.
Latvia’s commitment to embracing digitalisation reflects its determination to foster a more efficient and transparent economic landscape while aligning with global standards.
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.
On 26 January 2024, the Latvian Ministry of Finance released the Shadow Economy Curtailment Plan (2024-2027) to thwart the shadow economy in the prioritized development of the economic sectors.
The four-year plan considers the mandatory introduction of Continuous Transaction Controls (CTC) model in the business sector by the end of 2025. The e-invoicing obligations will be implemented based on real-time reporting.
The technical solution for e-invoicing is still a work in progress. Meanwhile, the publication of further information is also expected.