VATupdate

9% reduced VAT rate applies to specific goods and services

Law No. XIV-551 was published in the Lithuanian Official Gazette. The Law applies a 9% reduced VAT rate to specific goods and services. Additionally, a reduced 5% VAT rate applies to qualifying medicines and food products. This entered into force on 1 January 2023.

The reduced VAT rate applies to the following:

  • Residential heating.
  • Specific books, both printed and digital, as well as non-periodic informational publications.
  • Tourist accommodations…..

Source: GVC

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