Odoo electronic invoicing in Latvia

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

Compliance with Latvian e-invoicing regulations

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

  • Supported formats: Odoo supports the XML UBL format, compliant with European Standard EN 16931, which is required for public sector e-invoicing in Latvia. Odoo also facilitates e-invoicing through the Peppol network, ensuring seamless cross-border compatibility. Odoo 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, Odoo securely archives all invoices in a tamper-proof system, ensuring they can be easily accessed during audits or inspections.

  • Automatic VAT calculation and reporting: Odoo 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 Odoo 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.