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Explanation of Amendments to the Lithuanian VAT Law on Multi-Purpose Vouchers

  • Information about personal data processing is available at www.vmi.lt under the Personal Data Protection section
  • The institution is located at Vasario 16-osios g. 14, LT-01107 Vilnius
  • Contact details include phone number +370 5 266 8200 and email [email protected]
  • Data is stored in the Register of Legal Entities with code 188659752
  • A commentary on the Value Added Tax Law is prepared to ensure smooth implementation
  • The commentary explains the concept of a multi-purpose voucher
  • A multi-purpose voucher is one where the place of supply or the VAT due is not known at the time of issuance
  • Such vouchers can have specific conditions like validity period or refund options
  • Multi-purpose vouchers can be used in various locations and for different goods or services
  • They can be distributed by suppliers or third-party distributors
  • The transfer of a multi-purpose voucher is not subject to VAT, but the actual supply of goods or services is

Source: vmi.lt

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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