Lithuania has recently amended its value-added tax law to bring provisions concerning connected parties into line with EU law.
The change, which is effective from January 1, 2023, responds to the launch of infringement proceedings against the country with regards its VAT registration rules.
Lithuanian VAT law provides that small companies with a turnover of less than EUR45,000 do not have to register for VAT.
Lithuania has now amended the country’s VAT law to provide that the disputed anti-avoidance measures do not apply if a group can demonstrate that:
-
none of the companies’ management bodies and/or individual members of those bodies is the same person; and…
Source: answerconnect.ch
Latest Posts in "Lithuania"
- Lithuania Signs IMF Agreement to Reduce VAT Gap and Curb Shadow Economy
- Expansion of Reduced 12% VAT Rate: Tourism, Cultural Services, Residential Heating, and Educational Publications
- Parliament Proposes Extension of Reduced VAT Rates for Heat Services and Publications
- Lithuania Introduces Excise Tax on Sweetened Drinks Starting January 2026
- Amendment to Lithuanian VAT Law Regarding Reduced Tax Rates and Exemptions
