HOW TO get the knowledge and be compliant in Latvia

If you would like to know HOW to get the knowledge and be compliant with fiscal laws and regulations, JB Fiscal Consulting videos can help you with that. Fiscalization Essentials are the first step towards full compliance. This time we are covering fiscalization in Latvia.

Latvia, officially the Republic of Latvia, is a country in the Baltic region of Northern Europe.

The Latvian fiscalization system applied today was introduced in 2014, but the obligation of its implementation started in 2017.

Although there are several different types of cash registers allowed to be used, all of them have to be equipped with an electronic control tape for recording of transactions. Minimum data to be recorded for every transaction are predefined by the law. The receipt itself has to be provided to the customer for every purchase. The form of the receipt can be both paper and electronic.

The whole solution to be used on the POS – including both the hardware and software component, has to pass the certification procedure conducted by authorized conformity bodies.

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Disclaimer: Whilst every attempt is made to ensure that the information provided herein is correct, JB Fiscal Consulting cannot be held responsible in any way for any errors or omissions. The given data, explanations and interpretation of the Laws and related information do not constitute as a legal advice. Please contact us if you have any concerns about the information provided.