01
Problem
We have 2013 invoices in LVL — how are they displayed in 2026?
Solution
All LVL invoices converted to EUR at the official transition rate of 1 EUR = 0.702804 LVL. Original LVL amount preserved for audit; display in EUR.
Solutions · EU-EUROZONE
EU Eurozone — since 2014, VIES, OSS, SEPA Instant
Latvia has been a Eurozone member since January 1, 2014 (the 18th country). All businesses use EUR for invoices, VAT and reporting. 4b2b supports EU cross-border invoicing (B2B reverse charge, B2C OSS/IOSS), SEPA Instant payments, and automatic LVL→EUR conversion for historical records (transition rate 1 EUR = 0.702804 LVL).
02
Problem
We sell e-commerce to customers in Estonia and Lithuania — OSS?
Solution
OSS (One Stop Shop) registration for B2C sales in EU. The platform calculates VAT per destination country (e.g., 22 % EE, 21 % LT) and submits the quarterly OSS return.
03
Problem
We pay a supplier in Germany — SEPA or SWIFT?
Solution
SEPA Credit Transfer or SEPA Instant for EUR payments within the EU. Latvian banks (Swedbank, SEB, Citadele, Luminor) all support both.
04
Problem
Client from Russia or Belarus — can we issue an invoice?
Solution
Sanctions list check: the platform automatically screens the partner against the EU sanctions list before issuance. Russia/Belarus (since February 2022) are blocked for most goods.
The simplest tax regime in the EU, in one platform
The entire 4b2b ecosystem is built for the Latvian market — from EDS declarations via MUN and UIN 20 % to GDLU reports and VID integration.
