Invoicing local companies as a private individual in Latvia can be tricky if you don’t know exactly what you’re doing. There’s a lot to figure out before you can do it legally — you need to understand tax regulations, pay the correct amount of income tax and social contributions, and keep up with all the legal requirements.
It’s not as simple as just sending an invoice and waiting for payment; mistakes can lead to fines or audits.
That’s why I highly recommend abill.io. This service makes invoicing straightforward and worry-free. You just create and send the invoice through their platform, and they handle all the complicated tax payments and legal paperwork for you. It saves a lot of time and stress because you don’t have to study the tax law or manage payments yourself.
The fees are fair and transparent — abill.io takes a small commission from each invoice, which is well worth it considering they manage everything legally and on time. All of the payouts I’ve done came in same day or next day (if I did them in the afternoon). They clearly list the fees on their website, so you know upfront what to expect.
One feature I found very helpful is their online calculator that shows you exactly how much you’ll receive after fees and taxes on any invoice amount. In short, if you want to receive 759 euro, the invoice amount issued to your client would be 1000 euro + VAT = 1210 euro invoice to the company paying(inc vat).
Of the 1000 euro: 200 will go to the government as income tax on your behalf and 41 euro will be the abill.io fee.
If you’re freelancing, consulting, or just doing side projects and want a simple, legal way to invoice companies in Latvia without the usual hassle, abill.io is a great option.
You can sign up using my referral link: https://app.abill.io/?ref=R9J7. Just so you know, I only receive a bonus if you invoice at least 500 euros, so I only share this because I’ve used and trust their service.