1 January 2026: The requirement for B2B e-invoicing and the reporting of invoice data to the State Revenue Service (SRS) will come into effect.
Resident business and budget entities are required to begin issuing e-invoices starting from 1 January 2025, applicable to contracts executed from that date onward. Furthermore, as of 1 January 2026, e-invoicing will be compulsory in the B2B sector for goods and services.
Amendments to the Accounting Law were enacted on 12 November 2024, formalizing the country's obligation to use electronic invoicing.
The established timelines remain unchanged, as previously communicated:
- 1 January 2025: E-invoicing will be obligatory for resident companies in Latvia when dealing with designated state budget entities and for G2G and G2B invoices issued by budget entities.
- The ninth point in the amendment outlines a transition period that extends until 1 January 2026 for the submission of e-invoices related to B2G contracts that were signed by 31 December 2024.
- 1 January 2026: The requirement for B2B e-invoicing and the reporting of invoice data to the State Revenue Service (SRS) will come into effect.
Guidelines regarding B2B e-invoices and the reporting of invoice data to the SRS are expected to be published in May 2025.
SAP add-on via clearance model
KGT SAP add-ons for SAF-T, e-invoicing and MTD UK for VAT work as a standalone application within the SAP system and do not change existing customer SAP functionality or processes. It is fully configurable with a custom namespace /KGT.
KGT partnered up with SAP regarding 'SAP Advanced Compliance Reporting for SAP HANA'. The 'Advanced Compliance Reporting' (ACR) service enables you to configure, generate, analyze, and electronically submit statutory reports that contain indirect taxes, such as value-added tax.
KGT also provides S/4 HANA transformation support.
