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Invoice requirements in Latvia

A Latvian VAT invoice must show the issue date, a sequential number, the supplier and buyer details and VAT numbers, and the goods or services with the tax rate and VAT amount. The standard VAT rate is 21%, and the reduced rates are 12% and 5%.

Guide sources checked 20 October 2026Currency: EUR15 official links
PVN (VAT) standard rate21%

Standard rate 21%. Reduced 12% applies to fruit, berries and vegetables (permanent) and, under a pilot from 1 July 2026 to 30 June 2027, to food products such as bread, milk, poultry meat and eggs. Reduced 5% applies from 1 January 2026 to books and press publications issued in Latvian, Latgalian, Livonian or another official EU/EEA, Swiss, EU candidate or OECD language.

Official rates ↗
Registration

VAT registration is required when taxable supplies in Latvia exceed EUR 50,000 in a calendar year (the threshold applies from 1 January 2024 onward; some VID material refers to a rolling 12-month period, which the sources do not settle).

Source ↗
E-invoicingB2B from Jan 2028

Budget institutions must use structured e-invoices since 1 January 2026, and e-invoice data for transactions with state and local government bodies must be reported to VID. Structured e-invoices become mandatory for settlements between Latvia-registered companies from 1 January 2028, postponed from 2026; the VID reporting duty for non-budget companies moved to 2028 as well.

Source ↗
Late payment

Under the EU Late Payment Directive, as applied in Latvia, interest on late business payments is at least the ECB reference rate plus 8 points, with at least EUR 40 in recovery costs.

Source ↗
Tools for Latvia:Invoice generatorVAT & GST calculatorLate payment interestVAT & tax ID checkerDue date calculator

What the invoice must show

Compare your draft with this checklist. What applies depends on the parties, the transaction, your tax status and the document type.

  1. Issue date and sequential number: each invoice must carry a date of issue and a consecutive number, as listed on VID's checklist for tax invoices.
  2. Supplier details: the supplier's name and legal address, and its VAT registration number.
  3. Buyer details: the recipient's registration number where one has been given, per VID's checklist.
  4. Supply date: the date of supply, where it differs from the issue date.
  5. Goods or services: a description with quantity and unit, the unit price excluding VAT, and any discount.
  6. Tax and totals: the tax rate, the VAT amount, and the total excluding VAT; where reverse charge applies, the invoice must cite the relevant VAT Law provision or EU Directive article and show the value excluding VAT.

Key numbers

Registration threshold
EUR 50,000 a calendar yearSource ↗Also registration is needed for trading with taxpayers in other EU Member States, per VID.
Reduced 5% rate
Books and press from 1 January 2026Source ↗Only for publications in the listed languages.
B2B e-invoicing
Mandatory from 1 January 2028Source ↗Postponed from 2026 by Saeima amendments; budget institutions already require e-invoices.

Tax notes

Businesses whose taxable supplies do not exceed EUR 50,000 in a calendar year are not required to register for VAT; voluntary registration is also possible.

Reverse-charge invoices must reference the VAT Law section that provides for the procedure, and the invoice must show the value excluding VAT.

Electronic invoicing

Structured electronic invoices are mandatory for budget institutions since 1 January 2026. Mandatory structured e-invoicing for settlements between Latvia-registered companies is scheduled for 1 January 2028, postponed from 2026 by Saeima amendments; the B2B reporting duty to VID moved to the same date.

Late payment

Under the EU Late Payment Directive, as applied in Latvia, interest on late business payments is at least the ECB reference rate plus 8 points, with at least EUR 40 in recovery costs.

Calculate interest and compensation for Latvia →

Record keeping

Keep invoices and accounting records for at least five years. Check VID or the Accounting Law for the period that applies to your records.

Watch out for

  • Mandatory B2B e-invoicing is scheduled for 1 January 2028; check VID for the current timetable.
  • Confirm current invoice content and deadlines on VID before relying on this summary.

Sources for this guide

Reviewed against these references on . Rules change, so check the current text before relying on it.

  1. Value Added Tax (VID)
  2. Changes in taxation and finances from 2026 (Ministry of Finance)
  3. Obligatory e-invoices from 2028 (Saeima)
  4. Accounting Law (likumi.lv, English)

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