|Update:||Compliance Alert - Introduction of mandatory e-invoicing by 2025|
On 12 October 2021, the Latvian Ministry of Finance announced that the Cabinet of Ministers had given their consent to implement a mandatory e-invoicing system in the B2B and B2G segments as of 2025.
Peppol e-delivery network will be adopted as a single standard for sending and receiving e-invoices.
The full report on the decision of implementing the new system is available here.
Pagero is closely monitoring the developments in the country and will update its stakeholders with the expected necessary changes at the earliest opportunity.