Expanding Electronic Invoicing Across Latvia Becomes Government's priority

The Latvian Parliament, or Saeima, is considering a draft law that, if approved, will require all businesses to submit data for structured electronic invoices to the State Revenue Service starting from January 1, 2026.

The new invoicing requirements will make structured e-invoicing mandatory for all businesses, not just a select few. This change will affect all businesses, whether they are budgetary institutions or private companies.

The implementation of these new requirements will take place in two stages. From January 1, 2025, budgetary institutions and companies cooperating with budgetary institutions are required to issue structured electronic invoices for the payment of goods and services. The requirement for all companies to issue structured electronic invoices for business-to-business payments will take effect from January 1, 2026.

The new invoicing requirements will apply to invoices issued for payment to another company, not just for the payment of goods and services. This means that all businesses will need to adapt their invoicing systems to comply with the new rules.

It is important to note that companies are not required to issue structured electronic invoices to a 'natural person' (i.e. an ordinary individual).

The draft law regarding structured electronic invoicing can be viewed on the draft legislation portal. The approval of the draft law by the Saeima is a necessary step for the implementation of data submission for structured electronic invoices.

The data submission requirement for structured electronic invoices is expected to be implemented in 2026, subject to the approval of the draft law by the Saeima. The search results do not provide information on why the Saeima has not yet approved the bill.

In conclusion, businesses in Latvia should prepare for the implementation of mandatory structured electronic invoicing from January 1, 2026. It is recommended that they familiarise themselves with the draft law and start adapting their invoicing systems accordingly.