11.12.21
Introduction of mandatory e-invoicing
The Ministry of Finance prepared an informational report on “Adopting a System of Electronic Flow of Supporting Documents and Waybills”, debated and endorsed on 12 October 2021, which mandates the use of electronic supporting documents and e-invoices by 2025. It is expected that E-invoicing will be mandatory for B2B and B2G transactions.
The Ministry of Finance in Latvia has been seeing the benefits in other countries in following a total or partial flow of e-invoices, and is hoping to incorporate similar benefits as a result of a more digital society.
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VAT reduction on food products
- VAT/G(S)ST rate information
Proposed VAT reduction
- VAT/G(S)ST rate information
Energy-related tax reductions
- VAT/G(S)ST rate information
Introduction of mandatory e-invoicing
- Mandate information
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