Amendments to the Lithuanian VAT law now permits taxpayers with a turnover that does not exceed £300000 to file for quarterly returns. Prior to the amendments the default filing period was one month.
Source: vatit.com
Latest Posts in "Lithuania"
- Lithuania Updates VAT Guidance on Business Gifts, Samples and Other Free Transfers of Goods
- Lithuania Clarifies Small-Business VAT Exemption Where Cross-Border Transactions Trigger Registration
- Lithuania Launches New IDAIS Platform for Intrastat Reporting
- Lithuania Clarifies VAT Registration Rules Under Small Business Regime
- Lithuania Updates VAT Rules on Incidental Supplies and ViDA Implementation
