- From May 1, 2025, Lithuanian taxable persons must register as VAT payers for acquiring services from foreign countries or providing services in other member states, as well as for acquiring goods from another member state.
- Small businesses required to register as VAT payers for these purposes can continue not taxing their supplied goods and services with VAT if they choose and meet the conditions of the small business scheme in Lithuania.
- Taxpayers who do not register as VAT payers due to technical issues by May 1, 2025, will not be obligated to calculate and pay VAT on supplied goods and services for the period before registration, provided they are not required to register under Article 71 of the VAT law because their total revenue from economic activities did not exceed 45,000 euros in the previous or current calendar year.
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.
