- Lithuania will raise the VAT exemption threshold for small businesses to 60,000 euros by 2026.
- The new threshold will apply to both Lithuanian and EU businesses.
- The change will reduce administrative and financial burdens on small businesses.
- The new threshold will take effect on January 1, 2026.
Source: vatabout.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"
- 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
