The Lithuanian Parliament (Seimas) is considering Bill No. XIVP-2452 to increase the VAT registration threshold for inflation. The proposed bill includes measures to increase the domestic turnover amount, from which VAT registration is required, to 65,000 Euros in the last 12 months from the previous threshold of 45,000 Euros.
Source: GVC
Latest Posts in "Lithuania"
- ECJ VAT C-544/25 (Nekilnojamojo turto valdymas) – Questions – VAT penalties and interest challenged as disproportionate and duplicative under EU law principles
- Lithuania’s Top Court Clarifies VAT Rules for Economic Activities and Independent Taxable Persons
- 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
