- Lithuanian Parliament accepted Bill No. XIVP-1835(4) to reduce VAT rate on residential heat energy and hot water
- VAT rate will be reduced to zero percent from 9 percent from Nov. 1, 2024, to April 30, 2025
- Reduction applies to goods actually delivered
Source: news.bloombergtax.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"
- ECOFIN Prioritizes VAT and Tax Reforms During Cyprus EU Council Presidency
- Lithuania Introduces New VAT Return Form and 12% Reduced Rate from 2026
- Lithuania Abolishes 9% VAT Rate, Adjusts Tax on Services and Books from 2026
- Lithuania Revises VAT Exemptions for Financial Services Effective January 2026
- Lithuania Updates VAT Law Commentary on Financial Services, Effective January 2026
