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Monday 22.04.2019 | Name days: Armanda, Armands
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Survey: more than half Latvian companies unable to provide e-invoices

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RUMore than 56% of companies in Latvia are unable to ensure e-invoices, as concluded in a survey performed by assistance firm Tildes Jumis.

Directive 2014/55/EU states that from 18 April 2019 onwards all direct state administration institutions are to ensure e-invoices in public procurements. As for other state institutions, this requirement will come to force some years later. It’s because of this reason Latvia’s Environment Protection and Regional Development Ministry submitted to the government in spring 2018 a proposal to adopt a system in Latvia to ensure wide use of e-invoices by April 2019 in public administration and the private sector. E-invoice is also integrated with the Electronic Procurements System, as well as state, municipal and business accounting or resource management solutions.

As the directive’s term comes close, more than half of surveyed Latvian businesses remain unprepared for the e-invoice system. 14.4% of respondents said they will definitely not be able to send e-invoices or process electronic invoices. Another 42.1% believe they will not be able to ensure healthy e-invoice circulation.

Only 21.3% of respondents have already adopted electronic invoice system. Another 7.2% are certain they will make it before 18 April. 15% of respondents say they would be prepared to send and receive e-invoices, but they are unable to completely stop using paper invoices because of partners or clients, whose processes are not fully adapted for work in the digital environment.

«Although in previous surveys we had determined that most Latvia’s companies are digitally well-developed and many of them use innovative solutions, results of this survey reveal a worrying picture. The fact that more than half of companies still sent paper invoices in the 21st century is not exactly great, putting it lightly. It makes Latvia’s business environment look outdated,» Tildes Jumis business development manager Viesturs Slaidiņš comments on the situation.

347 companies from different sector and of different size took part in Tildes Jumis survey.


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