- Lithuanian law amending Value Added Tax provisions regarding reduced VAT rates and exemptions
- Establishes 12 percent reduced VAT rate for accommodation services, passenger transport on regular routes, and cultural institution visits
- Applies reduced rate to heating energy for residential premises, hot water supply, and cold water for heating purposes
- Adds reduced VAT rate for printed and electronic books, non-periodical publications including textbooks, encyclopedias, dictionaries, maps and educational materials
- Excludes publications where advertising exceeds four-fifths of content or those primarily containing music or video content from reduced rate benefits
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.
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