- 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.
Latest Posts in "Lithuania"
- ECJ Advocate General: VAT Applies to Lithuanian In-Game Currency Resale Profits
- ECJ C-472/24 (Žaidimų valiuta) – AG Opinion – VAT Treatment of In-Game Gold Transactions
- Lithuanian Tax Authority Updates VAT Law Commentary on EU Member Countries and Transaction Territories
- Lithuanian VAT Law Updates: Registration, Payment, and Invoicing Requirements for Individuals Effective May 1
- eInvoicing in Lithuania
