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Latvia is one step closer to mandatory e-invoicing

30 September 2024
Latvia

On 24 September, the Ministry of Finance (MoF) announced the Cabinet of Ministers’ (MK) support to mandate e-invoicing after their evaluation meeting, following the public consultation on the draft amendments of the Accounting Law published earlier this year. The statement from MoF reconfirms the previously announced timelines: 1 January 2025 – Mandatory e-invoicing in the G2G and B2G sector (invoices to budget organisations); 1 January 2026 – Mandatory e-invoicing in the B2B sector, along with expected obligatory submission of e-invoice data to the State Revenue Service (SRS), utilizing the decentralized CTC model. Additionally, the draft law foresees that regulations concerning e-invoice...