The KPMG member firm in Lithuania has prepared reports highlighting recent value added tax (VAT) guidance.
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VAT deduction available on purchased electric cars from 2023
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Application of reduced VAT rates as of 2023
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Deduction of input VAT when the seller is insolvent (CJEU judgment)
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Obligation to adjust VAT deductions in the event of the taxable person being placed in liquidation procedure (CJEU judgment)
Source: KPMG
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