- Lithuania plans to change VAT rates for certain sectors
- Reduced VAT rate to increase from 9% to 12% for accommodation, passenger transport, and cultural events starting January 1, 2026
- New 5% VAT rate proposed for printed and electronic books and certain non-periodical publications, down from 9%
- Parliament vote expected by July 1, 2025
- Businesses should prepare for invoicing and compliance updates
- Standard VAT rate of 21% remains unchanged
- Publications with over 80% advertising or focused on music or video content do not qualify for the reduced rate
- Taxable entities should stay informed for compliance with new regulations
Source: fiscal-requirements.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.
