- Lithuanian Official Gazette published Law No. XV-287 amending the VAT Law
- Preferential VAT rate increased to 12 percent from 9 percent
- 12 percent VAT rate applies to specified accommodation services, passenger transport services with regular routes, passenger luggage transport services, and visits to art and cultural institutions and events, with conditions
- 5 percent reduced VAT rate applies to printed and electronic books and electronic non-periodical information publications, with exceptions
- Law effective 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.
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