5 Major Developments in Lithuania

5 Major Developments in Lithuania

• Lithuania cuts the VAT rate applied to digital books, accommodation, and hospitality services

• Lithuania to expand to scope of e-Invoicing

• EU DAC7 Reporting Requirements and FAQs

• Changes in VAT rates from 2023 in Lithuania

• Lithuania fuel, food, catering, hotel and e-book VAT changes 2023

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Bad debts (relief for underpaid sales invoices)

• Comments on C‑227/21: Input VAT in case of insolvency of the seller may be deductible

Coronavirus

• Lithuania to cut VAT on sports & culture to 9% 2023

DAC7

• EU DAC7 Reporting Requirements and FAQs

• Lithuania Tax Agency Posts Draft Rules, FAQs on DAC7 Reporting Requirements for Digital Platform Operators

Deduction (input tax credit)

• New legislation for VAT deduction on purchased electric cars

• Comments on ECJ C-227/21: Supply recipient may deduct VAT even though supplier did not pay output VAT

• ECJ C-293/21 (Vittamed technologios) – Judgment – Review of VAT deduction of capital goods in case of liquidation of the taxable person

• ECJ C-227/21 (HA.EN.) – Judgment – No Denial of input VAT if the seller would not pay output VAT

E-invoicing

• Lithuania to expand to scope of e-Invoicing

• Lithuanian government calls for developing an e-invoicing solution

• Updates for e-invoice in Lithuania

• E-Invoicing Portal based on EU standard and PEPPOL

• Lithuania e-invoicing plans – eSaskaita

ECJ (European Court of Justice)

• Comments on ECJ C-227/21: Supply recipient may deduct VAT even though supplier did not pay output VAT
• ECJ C-293/21 (Vittamed technologios) – Judgment – Review of VAT deduction of capital goods in case of liquidation of the taxable person
• Comments on C‑227/21: Input VAT in case of insolvency of the seller may be deductible
• ECJ C-227/21 (HA.EN.) – Judgment – No Denial of input VAT if the seller would not pay output VAT

Fiscalization

• Changes in rules for including models of cash registers and trading machines in the list of cash registers

• New rules have been established in relation to new changes in fiscalization in Lithuania

• How do new changes in fiscalization in Lithuania affect the technical passport or service book of the fiscal device?

Fraud / Tax evasion

• Fines will increase for VAT evasion

• ECJ C-227/21 (HA.EN.) – Judgment – No Denial of input VAT if the seller would not pay output VAT

Intrastat

• Lithuania raises Intrastat threshold 2023

Legislative Change

• Lithuania Amends Scope of Reduced VAT Rates

• Proposal: Reduced VAT Rate for cultural, sport and performance activities

• Lithuanian Parliament Consider Extension of 9% VAT Rate on Catering Services and Take-Away Food
• Lithuania accommodation and catering services VAT cut to 9% till end 2023

• Draft: Reduced VAT rate extended for restaurant/accomodation and implemented for certain repair services

• Changes to legislation for medicines and medical aids

Rate

• Lithuania cuts the VAT rate applied to digital books, accommodation, and hospitality services

• Changes in VAT rates from 2023 in Lithuania

• Lithuania fuel, food, catering, hotel and e-book VAT changes 2023

• Lithuania Amends Scope of Reduced VAT Rates

• Lithuania reduces VAT rates in 2023

• Amendments to the VAT law on the 5% and 9% VAT rate

• Lithuania’s Seimas Agrees To Extend VAT Reliefs

• Lithuania to cut e-book VAT

• Lithuania introduces changes to the applicable VAT rates for hospitality, ebooks, accommodation and events

• 5% reduced VAT rate to specific services was considered by Parliament

• Lithuania confirms various VAT rate cuts

• VAT Law No. IX-751 Article 19 amendment bill: reduced VAT rate of 9%

• Minister supports extending lower rate VAT on restaurants for entire year, not just 6 months

• Lithuania Parliament Considers Bill to Reduce VAT Rate on Specific Services Provided by Performers

• Permanently Extension of 9% VAT Rate for Certain Supplies

• Preferential VAT rate of 5% for repairs and certain household items

• Lithuania extends the VAT rate cut on hospitality and hotel services

• Lithuania Considers Reclassifying Sport And Culture Activities To Reduced Rate Of VAT

• Lithuania to cut VAT on sports & culture to 9% 2023

• Proposal: Reduced VAT Rate for cultural, sport and performance activities

• Lithuanian Parliament Consider Extension of 9% VAT Rate on Catering Services and Take-Away Food

• Lithuania accommodation and catering services VAT cut to 9% till end 2023

• Draft: Reduced VAT rate extended for restaurant/accomodation and implemented for certain repair services

• Lithuania heating VAT cut to 5% – Approved

• Lithuania heating VAT cut to 5% proposal

• Government to make reduced VAT rate for hotels permanent

• Lithuania heating VAT cut to 5% proposal

Registration

• Draft Bill for VAT Registration requirements for Related Entities

Reporting / Compliance

• A guide to VAT – Doing business in Lithuania

• Lithuanian VAT Guide

• VAT Guide: VAT in Lithuania

• VAT in Lithuania – A comprehensive up to date guide

Tax Authorities / Penalties

• Fines will increase for VAT evasion