- Lithuanian Parliament is reviewing a bill to change VAT laws for small businesses.
- The bill proposes to increase the VAT registration exemption threshold to 60,000 euros.
- The bill also proposes to increase the VAT calculation threshold to 60,000 euros.
- If approved, the new rules will take effect on January 1, 2026.
Source: globalvatcompliance.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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