VATupdate

Government approves Bill on zero-rated VAT on specific goods due to war in Ukraine

The Ministry of Finance filed a draft change to the VAT Law, which the Lithuanian government adopted. The amendment recommends to the Seimas that products and associated services acquired by assistance groups for victims of war and catastrophe in Ukraine be subject to a 0% VAT rate. Previously beneficiaries had to pay VAT on funds raised, while purchasing goods or services.

 

Beneficiaries, support groups, and other people dealing with the consequences of catastrophes will be able to buy food, clothes, medications, bedding, and other commodities from providers (businesses, other legal entities) with a 0% VAT rate.

Source: GVC

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