In July 2002, Lithuania implemented a value-added tax (VAT) system. Later, in 2004, Lithuania became a member of the European Union.
Regarding VAT regulations, Lithuanian law is subordinate to the EU VAT Directive. This means that Lithuanian VAT law can either be interpreted in line with the EU VAT Directive or directly incorporate its provisions. If necessary, Lithuanian courts have the option to seek guidance from the Court of Justice of the European Union (CJEU) to clarify the interpretation or constitutionality of Lithuanian VAT rules under EU VAT legislation.
Source GVC
Click on the logo to visit the website
See also
See also
- VATupdate.com Country VAT Facts
- VAT Country guides of the European Union Countries
- Country VAT guides for other countries
Latest Posts in "Lithuania"
- eInvoicing in Lithuania
- Court Upholds VAT Deduction Rights for Fixed Asset Reconstruction in Landmark Ruling
- VAT Fraud: Tax Administrator’s Role and Legal Challenges in Fraudulent Transactions
- Lithuania to Implement EU-Compliant E-Invoicing Nationwide by 2028 for Modernized Tax Reporting
- e-Invoicing in Lithuania: Timeline, Guidelines, Process, and Steps for Implementation
