-
Lithuania’s Parliament is reviewing VAT Law amendments that propose increasing the reduced VAT rate from 9% to 12% for sectors including tourism, transport, cultural services, and accommodations by January 1, 2026.
-
The proposed amendments will lower the VAT rate for printed and electronic books, as well as non-periodical publications like encyclopedias, textbooks, and maps, from 9% to 5% starting in 2026.
-
Publications containing more than 80% advertising or primarily consisting of music or video content are excluded from the reduced 5% VAT rate, and the standard VAT rate of 21% remains unchanged.
-
Businesses should prepare invoicing, accounting, and reporting systems to comply with these changes and monitor further legislative developments as the Parliament’s final decision is expected before July 1, 2025.
Source: vatabout.com
Latest Posts in "Lithuania"
- Lithuania Reduces VAT on Menstrual Hygiene Products Effective January 2027
- ECJ C-472/24 (Žaidimų valiuta) – Judgment – VAT Exemption Denied for Virtual Money Transactions
- EPPO Raids Lithuanian Electronics Firms Over Suspected €7 Million VAT Fraud
- Lithuanian Supreme Court: Taxpayer Liable for VAT Fraud Due to Lack of Due Diligence
- Lithuanian Court Rules on VAT Fraud: Missing Traders, Due Diligence, and Tax Deductibility
