The Lithuanian Parliament discussed Bill No. XIVP-2106. The reduced VAT Rates in Lithuania are fixed at 9% and 5%. Hence, the bill implements the 5% preferential VAT rates repair of household items that will go into effect on 1 July 2023.
Source: GVC
Latest Posts in "Lithuania"
- Lithuanian Tax Authority Updates VAT Law Commentary on EU Member Countries and Transaction Territories
- Lithuanian VAT Law Updates: Registration, Payment, and Invoicing Requirements for Individuals Effective May 1
- 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