Latvia Implements the New EU SME Scheme
Latvia implements the new EU VAT scheme for small and medium enterprises, in alignment with VAT Directive.
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E-Invoicing Mandate in Latvia by 2025
E-invoicing mandate for B2G and B2B transactions in Latvia approved. According to the regulation approved, B2G e-invoicing will be mandated by 2025, and B2B e-invoicing by 2026.
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Latvian new VAT return and registration changes
Latvia updated the VAT return form as from the second quarter of 2017 reporting period.
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Domestic reverse charge on IT equipment in Latvian VAT law
From 1 April 2016 Latvia will introduce domestic reverse charge on IT equipment such as laptops, mobile phones and computer chips.