- The Lithuanian Parliament accepted Draft Bill No. XVP-90 on December 30 for consideration
- The bill proposes a preferential 9 percent VAT rate for essential food products and certain service sectors
- Alcoholic beverages are excluded from this preferential VAT rate
- The Lithuanian government or an authorized institution will establish and update the list of eligible food products
- The law is set to be effective from July 1, 2025
- Implementing legal acts for the law must be adopted by the Lithuanian government by April 30, 2025
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.
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