E-invoicing compliance and regulatory updates - Latvia

Electronic Invoicing Latvia

Latvia transposed the EU Directive 2014/55/EU making receiving and processing electronic invoices mandatory for central, regional, and local authorities.

Latvia operates a post-audit model with no specific requirement on e-invoices. However, I&A shall be guaranteed from the point of issuance until the end of the storage period. Via qualified electronic signatures, business controls can ensure an audit trail linking an invoice to a supplier and proper EDI. Peppol is also available.

It is expected that Latvia will make e-invoicing mandatory for  Business-to-Business (B2B) in 2026. 

The Latvian Ministry of Finance submitted a draft law on 27th May 2024 to mandate the use of structured electronic invoices.

The country will likely require taxpayers to use the Peppol Network.

If the draft law is approved, Business-to-Business (B2B) electronic structured invoicing will become mandatory starting January 1, 2026.

The Latvian State Revenue Service webpage can be visited here


Want to learn more about e-Invoicing compliance?

Download our Global e-invoicing and Tax Compliance fact sheet here for more information.

Electronic Invoicing Latvia

Latvia transposed the EU Directive 2014/55/EU making receiving and processing electronic invoices mandatory for central, regional, and local authorities.

Latvia operates a post-audit model with no specific requirement on e-invoices. However, I&A shall be guaranteed from the point of issuance until the end of the storage period. Via qualified electronic signatures, business controls can ensure an audit trail linking an invoice to a supplier and proper EDI. Peppol is also available.

It is expected that Latvia will make e-invoicing mandatory for  Business-to-Business (B2B) in 2026. 

The Latvian Ministry of Finance submitted a draft law on 27th May 2024 to mandate the use of structured electronic invoices.

The country will likely require taxpayers to use the Peppol Network.

If the draft law is approved, Business-to-Business (B2B) electronic structured invoicing will become mandatory starting January 1, 2026.

The Latvian State Revenue Service webpage can be visited here


Want to learn more about e-Invoicing compliance?

Download our Global e-invoicing and Tax Compliance fact sheet here for more information.

Archiving

Invoices must be stored from the year they are received plus another 10 years.

Storage abroad is allowed as long as online access is guaranteed. Basware provides compliant invoice archiving in Latvia through the Basware Vault service.


Want to know more about Basware’s archiving services?

Download our Basware Vault fact sheet here to learn more about our flexible and scalable solution.

Basware Services

Basware supports all methods to receive invoices, including paper, portal, PDF and true e-invoicing. To support electronic invoicing for suppliers that are not suitable for e-Invoicing connections, Basware has established native PDF services that are not based on optical character recognition (OCR).

When sending invoices, we can deliver true invoices, via email with attached PDF, on our portal or printed in a neighbouring country.


Want to find out how we can help in your specific case?

Speak to a member of our team to learn more.

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Interoperability

At Basware, we are passionate about delivering the benefits of open interoperability to our customers. That’s why we have partnered with more than 220 e-invoicing networks around the world to ensure the Basware Network remains the largest open commerce network of buyers and suppliers.

Our advice

Latvia allows various invoicing methods, such as paper, PDF, electronic, and portal key-in invoices.

Electronic invoicing is becoming more common and, as a result, suppliers are able to send, and customers are able to receive, these true electronic invoices.

Adequate enablement campaigns can result in high levels of true electronic invoices. We advise both invoice receivers and invoice senders to reach out to their customer/supplier base and discuss the possibility to deliver invoices electronically. This will drive cost reduction, increased automation and improved collaboration. Our experts are here to support you in your e-invoicing transformation.


Want to understand how we can help in your case?

Get in touch with our experts.

Contact us

Electronic Invoicing Latvia

Latvia transposed the EU Directive 2014/55/EU making receiving and processing electronic invoices mandatory for central, regional, and local authorities.

Latvia operates a post-audit model with no specific requirement on e-invoices. However, I&A shall be guaranteed from the point of issuance until the end of the storage period. Via qualified electronic signatures, business controls can ensure an audit trail linking an invoice to a supplier and proper EDI. Peppol is also available.

It is expected that Latvia will make e-invoicing mandatory for  Business-to-Business (B2B) in 2026. 

The Latvian Ministry of Finance submitted a draft law on 27th May 2024 to mandate the use of structured electronic invoices.

The country will likely require taxpayers to use the Peppol Network.

If the draft law is approved, Business-to-Business (B2B) electronic structured invoicing will become mandatory starting January 1, 2026.

The Latvian State Revenue Service webpage can be visited here


Want to learn more about e-Invoicing compliance?

Download our Global e-invoicing and Tax Compliance fact sheet here for more information.