Latvian Cabinet Seeks Comments on Draft Regulation for Mandatory E-Invoicing Implementation

The Latvian Cabinet on June 9 opened a consultation on a draft regulation to outline procedures for the organization and implementation of mandatory electronic invoicing. The regulation includes measures to: 1) ensure that taxpayers submit e-invoices to the Tax Agency within five working days of issuing them, using approved digital channels; 2) define acceptable delivery methods, including official electronic addresses, service provider platforms, and the agency’s electronic declaration system; 3) specify the XML format for e-invoices, which complies with the Universal Business Language (UBL) and the Pan-European public procurement online (PEPPOL) billing standards; 4) mandate e-invoicing for government-related transactions, effective ...