- An updated explanation of the Value Added Tax Law Article 15 Part 24 has been prepared
- The update is based on changes to the Value Added Tax Law and the Law on Rounding Cash Payments both effective May 1 2025
- The updated explanation can be found here
- The Legal Department prepared the update
Source: vmi.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.
Latest Posts in "Lithuania"
- 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
- Lithuanian Tax Authority Updates VAT Law Commentary on EU Member Countries and Transaction Territories
- Lithuanian VAT Law Updates: Registration, Payment, and Invoicing Requirements for Individuals Effective May 1