- Lithuania plans to change VAT rates starting January 1, 2026
- VAT on heating and firewood will increase to 21 percent
- VAT on books will decrease to 5 percent
- A new 10 percent tax will be applied to non-life insurance policies
- VAT for accommodation, transport, and cultural events will rise to 12 percent
- These changes will affect hospitality, publishing, utilities, and insurance sectors
- Businesses need to prepare for these changes by July 1, 2025
Source: marosavat.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.
