Input VAT deduction will be available for passenger (M1 category) electric cars the value of which does not exceed €50,000 (including VAT). This will also apply to electric car leases. Therefore, the lessor’s confirmation of the value of the electric car is required.
Source: KPMG
Latest Posts in "Lithuania"
- ECJ C-472/24 (Žaidimų valiuta) – AG Opinion – VAT Treatment of In-Game Gold Transactions
- Lithuanian Tax Authority Updates VAT Law Commentary on EU Member Countries and Transaction Territories
- Lithuanian VAT Law Updates: Registration, Payment, and Invoicing Requirements for Individuals Effective May 1
- eInvoicing in Lithuania
- Court Upholds VAT Deduction Rights for Fixed Asset Reconstruction in Landmark Ruling