Lithuania

Proposal: VAT registration threshold be increased from EUR 45,000 to EUR 55,000

28 April 2023

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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.

Registration