Latvia to Mandate E-Invoicing for B2G and B2B Transactions Starting 2025

Latvia has officially confirmed the introduction of mandatory electronic invoicing through amendments to the Accounting Law, published on November 12, 2024. The new regulations establish a phased approach for e-invoicing in both government and business sectors.

Implementation Details

Starting January 1, 2025, resident businesses and budget entities in Latvia will be required to send e-invoices for transactions with state budget entities. This mandate applies to contracts signed from that date, and businesses will also be required to submit G2G and G2B billing to budgetary institutions.

By January 1, 2026, the e-invoicing obligation will extend to the B2B sector for goods and services. By May 2025, specific reporting rules are expected to be announced, and businesses will also be required to report e-invoice data to the State Revenue Service (SRS).

The e-invoices must comply with EU standards LVS EN 16931-1:2017 and LVS CEN/TS 16931-2:2017. Businesses will be able to upload e-invoices manually through Latvia’s government platform, e-address (e-adrese), or directly from their ERP systems.

To check if a public buyer qualifies as a budget entity, businesses can verify registration details via the Central Statistical Board’s website. If an institution cannot be found, it is not considered a budget institution under the new rules.

These changes mark a significant step in Latvia’s digital transformation of its invoicing system, ensuring smoother, more transparent transactions across the public and private sectors.

There’s more you should know about e-invoicing in Latvia – learn more about the new and upcoming regulations.