- Lithuania’s VMI updated its guidance on VAT Law Article 28 covering financial services.
- The update explains how the VAT exemption for financial services should be applied in practice.
- It comes ahead of legislative changes effective January 1, 2026, which will alter the exempt financial services framework.
- A major clarification is that pure technical or administrative services are not exempt under the new Article 28(9) rule.
Source: vmi.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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