- Lithuania’s tax authority (VMI) updated VAT guidance for financial services, effective 1 January 2026.
- Purely technical, administrative, or similar services in financial transactions will no longer be VAT-exempt and will be taxable.
- The previous system allowing institutions to list exempt financial services will be repealed.
- Core financial activities (loans, payment services, currency transactions, securities/derivatives) remain VAT-exempt.
- Some exempt services may opt into VAT, while technical services (debt collection, factoring, IT support) remain taxable; digital currency exchanges are VAT-exempt.
Source: regfollower.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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