- Several articles of the Lithuanian Value Added Tax Law are amended or repealed, including articles 41, 42, 43, 51, 12, 122, and 132.
- Article 42 is amended and then fully repealed.
- Changes clarify VAT obligations for taxable persons using electronic interfaces (marketplaces, platforms) for goods supplied within the EU.
- Certain VAT exemptions and provisions are removed, and thresholds for cross-border supplies and services are specified.
- The law updates and streamlines VAT regulations, removing outdated or redundant provisions.
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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