What changes in Latvia on 1 January 2028

Several compliance deadlines fall on the same day in Latvia. Here is what changes on 1 January 2028 and what your company needs to do about each one.

What changes on this date

EU-wideCSRD

CSRD after Omnibus I: sustainability reporting only for 1,000+ employee companies from FY2027; SMEs out of scope with VSME value-chain cap

The Omnibus I package cut CSRD scope to companies with more than 1,000 employees and over €450M turnover; listed SMEs are removed entirely. Large customers may not demand more sustainability data from suppliers below 1,000 employees than the voluntary VSME standard. In-scope companies report for financial year 2027 in 2028.

Large companies: confirm whether you exceed both thresholds and prepare ESRS-based reporting for FY2027. SMEs: use the VSME standard as your maximum response to customer ESG questionnaires and decline requests going beyond it; consider a lightweight VSME report to keep bank and customer relationships smooth.

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LatviaLatvia e-invoicing

Latvia: mandatory structured e-invoices and VID reporting for all domestic B2B invoices

From 1 January 2028 every Latvia-registered business must issue invoices to other Latvian businesses as structured e-invoices (EN 16931 / Peppol BIS 3.0) and report the invoice data to the State Revenue Service at the same time. Paper and PDF invoices between Latvian companies will no longer be valid for accounting purposes.

Pick invoicing/accounting software with Peppol and VID reporting support and test it well before 2028. Register a Peppol ID / e-address, collect customers' e-invoice addresses, and train staff on the new process. Budget for receiving e-invoices from suppliers as well.

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