- Lithuanian parliament approves new VAT structure effective January 2026
- New reduced VAT rates of 5% and 12% introduced
- Certain exemptions abolished to fund defense initiatives
- Lower VAT on books, higher rates for transport and cultural services
- Standard 21% VAT returns for heating and firewood
- Compensation measures planned for vulnerable households
- Amendments passed with 77 votes in favor, 19 against, 16 abstentions
- Government to raise asset thresholds for compensation programs to support vulnerable households
Source: fiscal-requirements.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.
