- Lithuania has exempted import duties and VAT on specified goods for use by people displaced due to the Russia-Ukraine conflict and those in need in Ukraine
- The order includes measures such as applying the VAT exemption for covered goods imported by state organizations and approved charitable organizations
- It also specifies VAT exemption rules for goods used in Lithuania, other EU countries, and goods transferred to organizations in Ukraine
- Provisions for lending, hiring out, and transferring imported goods to other persons are also specified in the order
- The order entered into force on March 16.
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Lithuania"
- 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
- Lithuania Introduces Excise Tax on Sweetened Drinks Starting January 2026
- Amendment to Lithuanian VAT Law Regarding Reduced Tax Rates and Exemptions
- EU Closes Infringement Case Against Lithuania Over VAT Rates Directive Implementation