- Lithuania considering reduced VAT on essential foods and services
- Draft Bill No. XVP-90 aims to introduce 9% VAT rate on essential food products
- Lower VAT rate may also apply to catering and beverage services, excluding alcohol
- Initiative to reduce cost of essential items for consumers and support food service sector
- Government or authorised institution to establish list of eligible food products
- Changes to take effect on 1 July 2025 if draft bill is approved
Source: regfollower.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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