- Lithuania amended its VAT law to align import VAT payment deadlines with customs duties under the special import VAT procedure.
- Law No. XV-984 takes effect on July 1, 2026.
- The previous separate deadline (end of the second month after the taxable event) is removed.
- Import VAT will now follow customs payment rules: due on goods release if not deferred, or by the 16th day of the following month if deferment is granted.
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.
Latest Posts in "Lithuania"
- Lithuania Clarifies VAT Treatment of Gifts, Samples, and Free Goods
- Lithuania Proposes VAT Registration Threshold Amendment for Incidental Transactions
- Lithuania Updates VAT Deduction Guidance and Reduces Tax Rate Changes for 2026
- Lithuania Issues Guidance on ViDA Changes Taking Effect from 2027
- Lithuania Proposes Clarification of Incidental Transactions Excluded from VAT Registration Turnover
