- Lithuanian Parliament accepted Bill Nos. XVP-250 and XVP-252 for consideration
- Bills propose a 5 percent preferential VAT rate
- Applies to fresh fruits, vegetables, and berries sold in Lithuania
- Includes organic products used in food production for educational and health institutions
- Laws expected to take effect on January 1, 2026
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.
Latest Posts in "Lithuania"
- Lithuania to Raise Reduced VAT Rate to 12% in 2026, Cuts for Books and Medicine
- Draft law to Implement ViDA: Key Amendments and Timeline
- New Differentiated VAT Rates for Goods and Services Effective Next Year
- Lithuania Updates Input VAT Deduction Rules: Eligibility, Exclusions, and Guidance for All Taxpayers
- VAT Exemption and Deduction Rights for Taxpayers in Lithuania
