2024 Annual threshold for intra-community goods movements reporting hiked Lithuania has announced the increase in its annual threshold for the reporting of Intrastat from 1 January 2024. This includes reporting statistical values. The new thresholds are: Dispatches: rising from €300,000 to €400,000 Arrivals: rising from
Baltic state to increase threshold from €45,000 to €55,000 – second highest in the EU Lithuania has drawn up legislation to increase the annual sales threshold for VAT registration. From the 1 January 2024 it will increase from €45,000 to €55,000. This would make it
Tender launched for electronic invoicing service launch based on EU standard on eInvoicing (EN 16931) Lithuania has started on the long road to introduce electronic invoicing for taxpayers. This will be based on the EU standard on eInvoicing (EN 16931). The Ministry for the Economy has started
Cuts in range of accommodation, digital books; roll over of cuts to heating and food rates A range of reduced VAT rates have been confirmed for the 1 January 2023. The current VAT rate in Lithuania is 21%. Read more in our Lithuanian VAT guide.
Shift from 21% standard rate to 9% reduced rate; other reduced rate changes The Baltic state of Lithuania is considering in parliament a fill to reduce the VAT rate on electronic books and publications to 9%. This follows most other EU states which have harmonised
Ongoing struggles in sector following COVID lockdowns prompt shift from standard to reduced VAT rate The Lithuanian parliament is considering a proposal to reclassify a range of sport and culture activities from the standard rate of VAT at 21% to the reduced rate of 9%.
Inflation hits 22.5% in September prompts agreement to lower taxes on domestic heating to 5% The Lithuanian Parliament has agreed to reduce the VAT rate on domestic heating from 21% to 5%. This would apply to hearing energy and hot water supplies. It will apply