Explore the latest electronic invoicing, reporting and archival requirements.

Latvia

Regulations

E-invoicing requirements in Latvia

Banqup Group has a compliant outbound solution. We are also an accredited Peppol Access Point.

Technical requirements

  • Platform - Peppol

  • Format - Peppol BIS 3.0

  • Archival period - Minimum 5 years

B2G mandates

  • Receiving - All public bodies

  • Issuing - All suppliers of public bodies from 1 January 2025

  • E-reporting - B2G, G2G and G2B transactions from 1 January 2026

B2B mandates

  • Mandatory B2B e-invoicing and e-reporting to SRS from 1 January 2028

Articles about Latvia

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regulations

The OECD’s global playbook for real-time VAT reporting & why it matters now

The OECD has quietly released what may become the most influential tax digitalization guidance of the next decade. Its new report on Digital Continuous Transactional Reporting for VAT sets out how governments should transition to real-time reporting, without disrupting global trade, overwhelming businesses, or compromising data privacy.

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regulations

compliance

vida

EU VAT gap report 2025: Key updates and findings

This article has been updated to reflect the European Commission’s most recent VAT gap report (2025 edition), which provides the latest analysis on the difference between VAT legally due and VAT actually collected for the year 2023. The report also introduces, for the first time, an assessment of the VAT policy gap, the revenue foregone due to reduced rates and exemptions, providing a more comprehensive understanding of total VAT losses across EU Member States.

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compliance

regulations

2025: The year digital compliance became strategy

2025: The year e-invoicing stopped being a back-office problem and started becoming a business strategy. Discover how governments worldwide closed the VAT gap with real-time mandates, which key countries confirmed long-term compliance roadmaps, and how the "Model Wars" between Clearance CTC and Decentralized Exchange are shaping the future of global finance.

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vida

regulations

compliance

VAT in the Digital Age agreement reached - a milestone in the EU tax digitalisation

EU adopts VAT in the Digital Age (ViDA) reforms! E-invoicing, reporting changes start from 2025, aiming to reduce VAT fraud and improve compliance.

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compliance

regulations

vida

How mandatory e-invoicing changes in Latvia, Estonia, and Poland will affect Lithuanian businesses

From January 1, 2025, all invoices to public institutions in Latvia must be submitted electronically (XML), with B2B e-invoicing set to follow. Similar moves in Estonia and Poland aim to boost VAT collection, transparency, and faster invoice processing.

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compliance

regulations

vida

Latvia pushes forward with mandatory electronic invoicing implementation

The Latvian Ministry of Finance has announced a significant step towards modernising its economic infrastructure. Read our blog to learn more about the country's recent update and progression towards mandatory electronic invoicing.

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compliance

banqup

regulations

Exclusive interview with Andres Lilleste: Insights from 20 years in e-invoicing

Andres Lilleste’s name is familiar to everyone in the Estonian e-invoicing landscape as one of the pioneers and advocates of e-invoicing in Estonia. With 20 years of experience in e-invoicing at Unifiedpost and his recent role as the Lead of the Compliance Cluster, ensuring that our clients’ invoicing operations worldwide meet regulatory standards, there is no doubt that Andres knows everything about e-invoices and, fortunately for us, he’s happy to share his thoughts.

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compliance

Compliance pulse podcast: An archive of our conversations on global tax compliance

Keeping up with tax compliance and e-invoicing regulations across multiple countries is becoming increasingly complex. That is exactly why we created the Compliance Pulse podcast, dedicated to making sense of global tax compliance, electronic invoicing, and digital reporting requirements.

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regulations

compliance

vida

Mandatory e-invoicing in Latvia. How will it impact Lithuanian businesses?

Starting January 1, 2025, all invoices sent to Latvian government institutions must be electronic, and by 2026, e-invoicing will become mandatory in the B2B sector. How will these changes affect Lithuanian businesses, and how can they prepare for the transition?

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compliance

regulations

vida

Mandatory e-invoices in Estonia. How will this affect Lithuanian businesses?

From July 2025, B2B e-invoices in Estonia will be mandatory upon request, and by 2027, for all businesses. How will this affect Lithuanian companies, and what steps should they take?

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compliance

regulations

vida

The latest tax compliance updates Q2 2024

As we move into the second quarter of 2024, it's time to take a look at the countries that are making further progress towards mandatory electronic invoicing processes.

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