- Lithuanian parliament proposed to reinstate reduced VAT Rate of 9% for catering services and takeaway foods
- Measure was previously in place in 2023 to help businesses during Covid-19 pandemic
- VAT Rate was increased back to 21% on 1st January 2024, leading to declining turnovers and business closures
- Draft bill suggests reduced VAT rate of 9% from 1 July 2024 to 31 December 2027
Source: meridianglobalservices.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.
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