Invoicing in Latvia
For VAT accounting purposes and to validate input VAT deductions in Latvia, it is necessary to have invoices or other supporting documents that contain sufficient information. These documents can be either in electronic or paper format.
Generally, VAT invoices should be issued within 15 days following the transaction. Latvian businesses registered for VAT are required to provide VAT invoices to their VAT-registered customers for all taxable supplies, including zero-rated sales (but not for exempt sales without input credit). Failure to provide an invoice upon request by a VAT-registered customer may result in fines imposed by the Latvian Tax Authorities.
Learn more about invoice requirements in Latvia in our comprehensive guide.
Invoicing Information
In Latvia, the information below is required to be present on invoices:
Full VAT invoice
- The invoice date.
- The date of the invoice.
- A unique invoice number.
- The VAT identification number of the supplier of the goods or services.
- The VAT identification number of the recipient of the goods or services.
- The full name and registered address of the supplier of the goods or services, including the name, surname, identification number, and place of permanent residence of a natural person.
- The full name and legal address of the recipient of the goods or services, including the name, surname, identification number, and place of permanent residence of a natural person.
- The date of supply of the goods or services or advance payment.
- The type, quantity, and designation of the goods or services provided.
- A description of the goods or services provided.
- The price or remuneration for the goods or services provided, including the unit price exclusive of tax.
- Any discounts or rebates that were not included in the unit price.
- The VAT rate and the calculated amount of tax.
Selling in Latvia?
Electronic Invoicing
In Latvia, invoices can be issued in either electronic or paper format, although electronic invoicing is typically voluntary. However, public entities are required to accept electronic invoices. To send electronic invoices to public entities in Latvia, the options available include using the PEPPOL network, a third-party invoicing provider, or the Latvian government’s e-Address platform. This is in accordance with Article 132 of the Latvian VAT Law.
Simplified Invoice
For sales within Latvia that do not exceed a tax value of 150 euros, the Latvian VAT Law allows for the issuance of a simplified invoice. Similarly, if the tax value is equal to or less than 30 euros, a cashier’s receipt may be provided instead.
Last Updated: 16/10/2023
Disclaimer
The information provided by Global VAT Compliance B.V. on this webpage is intended for general informational purposes only. Global VAT Compliance B.V. is not responsible for the accuracy of the information on these pages, and cannot be held liable for claims or losses deriving from the use of this information. If you wish to receive VAT related information please contact our experts at support@gvc.tax
