The FAQs on the DAC7 Reporting Requirements Draft were released by the Lithuanian Tax Agency (Valstybinė mokesčių inspekcija) to clarify which platforms must disclose the income, fees, or commissions that platform sellers receive, as well as how much information they must provide. The rules will come into effect on 1 January 2023.
Source GVC
Latest Posts in "Lithuania"
- Lithuania Cuts VAT to 5% for Robotic Surgical Instruments and Accessories, Effective March 2026
- Draft Legislative Proposal Submitted to the Seimas – Implications for VAT Digitalisation
- Updated VAT Guidance: 5% Rate for Medical Devices, Including Robotic Surgery Instruments
- Clarification on 5% VAT Rate Application for Medical Goods under Article 19(4) of VAT Law
- Comments on ECJ case C-472/24: VAT for Sale of In-Game ‘Gold’ in Runescape: Virtual Currency or Voucher?
