VATupdate

Lithuania Eases VAT Registration Rules For Groups

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

 

Sponsors:

VAT news
www.vatupdate.com
VAT news

Advertisements:

  • VAT news