- Lithuanian Parliament accepted Bill No. 25-6750 to amend the VAT Law.
- Preferential VAT rate to increase to 12 percent from 9 percent.
- Applies to specified accommodation services.
- Applies to passenger transport services with regular routes and passenger luggage transport services.
- Applies to visits to all art and cultural institutions and events, subject to conditions.
- Specifies 5 percent reduced VAT rate for printed and electronic books and electronic non-periodical information publications, with exceptions.
- Law to enter into force on January 1, 2026.
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.
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