G-WJGQ4VJHCT
VATupdate

Share this post on

Amendments to the Lithuanian Republic’s Value Added Tax Law Articles 2, 15, 19, 28, 50, 78, 92, 96, 121

  • Amendments to the Value Added Tax Law of the Republic of Lithuania
  • Changes to articles 2, 15, 19, 28, 50, 78, 92, 96, and 121
  • Article 2 defines significant improvement of a building as major repair or reconstruction
  • Article 15 addresses conversion of taxable value to euros in certain cases
  • Article 19 includes technical aids for persons with disabilities
  • Article 28 clarifies services not considered financial services for VAT exemption
  • Article 50 applies a 0 percent VAT rate to goods for charity and humanitarian aid
  • Goods must be supplied to registered recipients and transported outside the EU for aid purposes

Source: e-seimas.lrs.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.

Sponsors:

VATIT Compliance
Pincvision

Advertisements:

  • Exchange Summit
  • VATAi