An amendment to the law on value added tax (VAT) was approved by the Parliament on 3 November 2022 and signed by the president on 16 November 2022, to permit input VAT deduction for passenger (M1 category) electric cars of value up to €50,000 (including VAT).
Source KPMG
Latest Posts in "Lithuania"
- Amendment to Lithuanian VAT Law Regarding Reduced Tax Rates and Exemptions
- EU Closes Infringement Case Against Lithuania Over VAT Rates Directive Implementation
- Lithuanian Court Rules on VAT Liability in Joint Activity Agreements
- ECJ Advocate General: VAT Applies to Lithuanian In-Game Currency Resale Profits
- ECJ C-472/24 (Žaidimų valiuta) – AG Opinion – VAT Treatment of In-Game Gold Transactions
