- Lithuanian State Tax Inspectorate seeking comments on application of reduced 5 percent VAT rate for medicines and food products
- Draft explanation includes application of reduced rate to medicines, medical aids, and food products for special medical purposes
- Qualifications for applying reduced VAT rate include when costs are fully or partially compensated by health insurance fund
- Sold medicines subject to 21 percent standard VAT rate if outer packaging value stays below 300 euros
- Comments due by April 4
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.
