Lithuania Considers Raising Reduced VAT Rate to 12%

• Government considers raising reduced rate VAT from 9% to 12%
• General rate VAT (21%) and 5% rate for medicines and vital goods will not be changed
• Reduced rate VAT for cafés and restaurants on working days is being considered
• Safeguards are needed to ensure reduced rate VAT does not apply to all catering services
• Tax amendments are expected to be adopted by the end of parliament’s spring session (July)

Source: delfi.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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