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.
Effective 1 September 2019, the list of goods subject to the value added tax (VAT) reverse-charge mechanism will be expanded.
As from 1 July 2019, the thresholds to determine monthly or quarterly VAT reporting have changed.
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