Cobuild electronic invoicing in Latvia¶

Cobuild Invoicing is your trusted partner for safe, efficient, and legally compliant e-invoicing solutions tailored to Latvia’s regulatory standards.

Legal framework for e-invoicing in Latvia¶

In Latvia, electronic invoicing is governed by the Law on Accounting and regulations aligned with EU Directive 2014/55/EU, mandating the use of e-invoicing in B2G transactions. All public sector invoices must be sent in the European Standard EN 16931 format through platforms such as eInvoicing.lv, Latvia’s official e-invoicing infrastructure. Latvia is also connected to the Peppol network, facilitating standardized cross-border e-invoicing across the European Union.

Compliance with Latvian e-invoicing regulations¶

Cobuild Invoicing is designed to help businesses comply with Latvia’s specific e-invoicing requirements. Here is how Cobuild ensures compliance:

Supported formats: Cobuild supports the XML UBL format, compliant with European Standard EN 16931, which is required for public sector e-invoicing in Latvia. Cobuild also facilitates e-invoicing through the Peppol network, ensuring seamless cross-border compatibility. Cobuild integrates with Latvian e-invoicing platforms, such as eInvoicing.lv, allowing businesses to send compliant e-invoices directly to government entities while adhering to legal standards.
Secure storage and retrieval: In accordance with Latvian regulations requiring invoices to be stored for a minimum of five years, Cobuild securely archives all invoices in a tamper-proof system, ensuring they can be easily accessed during audits or inspections.
Automatic VAT calculation and reporting: Cobuild Invoicing automates VAT calculations and ensures invoices adhere to the legal requirements for B2G and B2B transactions, helping businesses comply with Latvian VAT laws.

Disclaimer

This page provides an overview of Latvian e-invoicing laws and how Cobuild Invoicing supports compliance with the Law on Accounting, European Standard EN 16931, eInvoicing.lv, Peppol standards, and other relevant regulations. It does not constitute legal advice. We recommend consulting with a tax advisor or legal professional familiar with Latvian e-invoicing regulations to ensure compliance tailored to your specific business needs.