- Amendment to VAT Law: The amendment to the Value Added Tax Law includes provisions for a basket of essential food products and catering services, excluding alcoholic beverages, subject to a VAT rate of 9%
- Implementation Date: The new VAT regulations will come into effect on July 1, 2025.
- Government Action Required: The Lithuanian Government must establish implementing regulations for this law by April 30, 2025.
Source Pridėtinės vertės mokesčio įstatymo Nr. IX-751 19 straipsnio pakeitimo įstatymo projektas
Latest Posts in "Lithuania"
- eInvoicing in Lithuania
- Court Upholds VAT Deduction Rights for Fixed Asset Reconstruction in Landmark Ruling
- VAT Fraud: Tax Administrator’s Role and Legal Challenges in Fraudulent Transactions
- Lithuania to Implement EU-Compliant E-Invoicing Nationwide by 2028 for Modernized Tax Reporting
- e-Invoicing in Lithuania: Timeline, Guidelines, Process, and Steps for Implementation
