The Latvian Cabinet is launching a public consultation on a draft regulation for mandatory electronic invoicing, outlining technical standards, transmission channels, and compliance timelines, with voluntary participation allowed for B2B transactions.
Latvia Moves Towards Mandatory E-Invoicing: Consultation Now Open
Public
Other countries
Author: Ema Stamenković
Category:
Fiscal subject related
Views:
61
Content accuracy validation date:
26.06.2025
Content accuracy validation time:
15:57h
A public consultation on a draft regulation outlining the steps for enforcing mandatory electronic invoicing in Latvia was launched by the Latvian Cabinet. Technical standards, transmission routes, and phased compliance schedules are outlined in the suggested framework.
Important elements of the draft regulation:
Submission deadline:
Taxpayers would be required to submit e-invoices to the Tax Agency within five working days of issuance, using approved digital formats.
Delivery channels:
Acceptable methods for submitting e-invoices include:
- Official electronic addresses
- Service provider platforms
- The Tax Agency’s electronic declaration system
E-invoice format:
E-invoices must follow an XML format compliant with:
- Universal Business Language (UBL)
- PEPPOL (Pan-European Public Procurement Online) standards
Implementation timeline:
- January 1, 2026: Mandatory e-invoicing for all government-related transactions
- January 1, 2028: Mandatory e-invoicing for B2B transactions
- Voluntary participation for B2B e-invoicing is allowed starting January 1, 2026
Public comments on the consultation will be accepted until June 23, 2025. After it is finalized, the regulation will serve as the legal foundation for Latvia's national rollout of e-invoicing in accordance with EU digital reporting standards.
Other news from Other countries
VAT & Promotions: Understanding Vouchers, Gifts, and Discounts in the UK
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
VAT treatment for business promotions is complex due to changes in EU and domestic legislation and case law. The main points are whether there is a supply and, if so, what the value of that supply is. The UK rules for face value vouchers (FVV) have been altered, with VAT due on the value of the voucher when issued. Single-purpose vouchers carry the right to receive only one type of goods or servic... Read more
USA: New York Passes Law Requiring Stores to Accept Cash
Public
Other countries
Author: Ivana Picajkić
Other countries
Author: Ivana Picajkić
New York has passed a law requiring stores to accept cash, banning retailers from refusing it as payment. The aim is to protect access to basic goods for low-income, elderly, and unbanked residents in an increasingly cashless economy. The bill now awaits the governor’s signature. New York has passed a new law that requires stores to accept cash. The bill, approved by both chambers of the state leg... Read more
Malaysia Adopts PINT-MY Billing for E-Invoicing
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
The PINT-MY Billing Specification is Malaysia’s version of the Peppol e-invoice, adapted for SST and based on the UBL 2.1 XML format. It sets guidelines for B2B and B2G invoicing via the MyInvois platform, supporting automation and tax compliance. It includes defined business roles, main invoice fields, and tax tagging for SST (Sales and Service Tax), TTx (Tourism Tax), LVG (Low-Value Goods), and... Read more
Latvia: B2B E-Invoicing Mandate: New Timelines Approved
Public
Other countries
Author: Ema Stamenković
Other countries
Author: Ema Stamenković
The Latvian Parliament adopted a revised draft law, No. 967/Lp14, setting new deadlines for mandatory e-invoice data reporting, domestic B2B transactions, and voluntary e-invoicing for small businesses. On June 5, 2025, the Budget and Finance (Tax) Committee rejected a proposal (Amendments to the Accounting Law No. 927/Lp14) to delay the B2B e-invoice mandate to January 1, 2027. Instead, a revised... Read more
Malaysia’s MyInvois E-Invoicing Update – Mid-2025
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
Malaysia is advancing its MyInvois e-invoicing system using a CTC model, requiring real-time invoice clearance and QR codes. The fourth rollout phase for businesses with RM1–5 million turnover (approx. €200,000 – €1,000,000) is delayed to January 2026, with each phase including a 6-month soft launch. Main updates include the PINT 1.2.0 standard with self-billing, new MyInvois 2.1 guidelines, and t... Read more
The Philippines Implement VAT on Foreign Digital Services
Public
Other countries
Author: Ljubica Blagojević
Other countries
Author: Ljubica Blagojević
The Philippine BIR has issued Circular No. 47-2025, detailing VAT rules for foreign digital service providers starting 1 June 2025. Registration is required only if annual sales exceed PHP 3 million, and no local tax representative is needed. The simplified process supports fair competition and reduces compliance burdens, aligning with international digital tax practices. The Philippine Bureau of... Read more