E-invoicing model:
  • Post Audit
Mandatory file format:
  • N/A
B2G requirements:
  • Peppol BIS
Archiving requirements:
  • 5 years (goods and services)
  • 10 years (real-estate)
  • Not Required


Navigating the global tax compliance landscape successfully is complex and resource-intensive. Every country has a specific and constantly evolving set of legislated e-invoicing requirements.

Non-compliance, intentional or not, can result in significant financial penalties, business disruption, and reputational damage.

Compliance is complicated

Want to learn more about how Tungsten Network makes the process of staying compliant easier?



  • VAT/G(S)ST rate information
VAT reduction on food products In response to rising costs, the Latvian government is proposing to reduce VAT on food. Such a reduction is expected to amount to a deficit of 100 million Euros in the State Budget, following trends across the Europe. We expect further clarity from the Latvian government regarding specific details around VAT reductions.


  • VAT/G(S)ST rate information
Proposed VAT reduction Inflation continues to bite in many European countries. Latvia is no exception – and has been forced to address its fiscal operations considering this. To this effect, the Latvian Parliament is considering a VAT reduction on basic foodstuff to 5%. If passed in Parliament, this VAT reduction is expected to come into force on 1st July 2022 and last for some duration- until 30 June 2024.


  • VAT/G(S)ST rate information
Energy-related tax reductions

In line with what we’re seeing across Europe, Latvia’s governing coalition parties will meet to discuss reducing the VAT on energy from 21% to 5%. This is a significant reduction and shows the pressure governments are under to try and tackle rising inflation, amongst other issues.
This has not yet been implemented but the government should indicate their intentions over the coming weeks.


  • Mandate information
Introduction of mandatory e-invoicing

The Ministry of Finance prepared an informational report on “Adopting a System of Electronic Flow of Supporting Documents and Waybills”, debated and endorsed on 12 October 2021, which mandates the use of electronic supporting documents and e-invoices by 2025. It is expected that E-invoicing will be mandatory for B2B and B2G transactions.
The Ministry of Finance in Latvia has been seeing the benefits in other countries in following a total or partial flow of e-invoices, and is hoping to incorporate similar benefits as a result of a more digital society.