- ⚖️ Lithuanian VAT case: Following a €6.5 million VAT assessment, NTV was also charged €2.4 million in default interest and €1.8 million in penalties, leading to requests for exemption.
- AG Rantos’ conclusion: It is consistent with EU law for Lithuania to set default interest amounts without allowing tax authorities to reduce components, regardless of the nature or seriousness of the infringement.
- Exemption limits: EU law does not require flexibility; taxpayers may only be exempted from default interest where the national scheme explicitly provides for it.
Source Taxlive
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