Simplified invoice (vienkāršotais rēķins)
In Latvian: Vienkāršotais rēķins
A simplified invoice (vienkāršotais rēķins) is a tax invoice with a shorter list of details that a registered VAT payer may issue for a domestic sale worth less than EUR 150 before VAT, or to amend an earlier invoice. Section 126 of the VAT Law governs it.
A simplified invoice must show the issue date, the names, legal addresses and VAT numbers of both parties, the name of the goods or type of service and the quantity, the price and the total, and the VAT rate and amount. The price and total may be shown with or without VAT.
A till receipt can serve as a simplified invoice if a source document is attached that gives the receipt's date and number and the missing information. For a sale worth less than EUR 30 before VAT, the receipt does not need the buyer's details.
A simplified invoice can also amend an earlier invoice. It then states the original invoice's date and identification number and the specific data being changed.
Example
SIA "Ozols" sells a printer cartridge to another VAT payer for EUR 80 before VAT. As the amount is under EUR 150, a simplified invoice is enough: the date, both parties' details and VAT numbers, "Printer cartridge, 1 pc", a price of EUR 96.80 including VAT, the 21% rate and EUR 16.80 VAT.
Legal basis
- VAT Law, Section 126 likumi.lv
This explanation is for information and does not replace tax or legal advice. The law in its current consolidated text prevails.