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Lithuania’s Parliament is reviewing VAT Law amendments that propose increasing the reduced VAT rate from 9% to 12% for sectors including tourism, transport, cultural services, and accommodations by January 1, 2026.
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The proposed amendments will lower the VAT rate for printed and electronic books, as well as non-periodical publications like encyclopedias, textbooks, and maps, from 9% to 5% starting in 2026.
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Publications containing more than 80% advertising or primarily consisting of music or video content are excluded from the reduced 5% VAT rate, and the standard VAT rate of 21% remains unchanged.
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Businesses should prepare invoicing, accounting, and reporting systems to comply with these changes and monitor further legislative developments as the Parliament’s final decision is expected before July 1, 2025.
Source: vatabout.com
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