The Lithuanian Ministry of Finance has presented its proposal for tax reform.
If the proposal is approved, the reforms will come into effect in 2024.
There are many proposed changes in relation to Individual Income Tax and Corporate Income Tax.
In relation to VAT, it is proposed that the VAT registration threshold be increased from EUR 45,000 to EUR 55,000.
Source Taxbackinternational
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
