Although new fiscalization is announced in Lithuania, official Descriptions and regulations recently were not available. That is changed at the end of April and at the beginning of May 2022. More precisely, Approval of the Description of the Technical Requirements for Cash Registers which approves the Description of the Technical Requirements for Cash Registers was adopted by the State Tax Inspectorate under the Ministry of Finance of the Republic of Lithuania at the end of April 2022.
What does the order stipulate?
New regulation for novelties in fiscalization in Lithuania
Public
Lithuania
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
559
Content accuracy validation date:
08.06.2022
Content accuracy validation time:
13:20h
The order stipulates that:
Technical documentation related to the implementation of the Description for integration with the Intelligent Tax Administration Information System Smart Electronic Cash Registers subsystem shall be published on the Tax Administrator's website by July 2022
This legislation also aims to ensure that taxpayers can purchase new / upgrade existing cash registers to meet the new technical requirements and to start submitting the data recorded by such cash registers to the State Tax Inspectorate within the deadlines. It is important to note that, From 2022 July 1 application for the inclusion of cash registers in the List for operating cash registers and their technical documentation for the examination of an expert company can be submitted only for the performance of an examination by the provisions of the Description. This procedure has been established in order to carry out a proper, prompt examination of the cash registers and take into account the date of publication of the technical documentation related to the Description.
Other news from Lithuania
New document was uploaded: Technical requirements, conditions, and integration specifications for cash register manufacturers and software developers-v1.4
Lithuania
Author: Kristina Dosen
This technical regulation represents one of the major regulations for fiscalization requirements in Lithuania. It introduces a detailed technical specification important for cash register manufacturers and software developers Read more
Changes concerning new technical requirements for cash registers in Lithuania
Lithuania
Author: Nikolina Basić
If cash registers that do not meet the new technical requirements continue to be used, will administrative liability be applied after April 30, 2025? Read more
New document was uploaded: Recorded webinar: E-invoicing for Global Retailers
Public
All countries
Author: Kristina Dosen
If you are struggling with complex e-invoicing implementations across multiple countries, and if you are concerned about mounting costs, potential delays, or compliance risks, our webinar will help you to learn how global retailers can streamline e-invoicing efficiently! With countries worldwide mandating e-invoicing, international retailers face unique challenges adapting to new regulations acros... Read more
A proposal for VAT in the digital age (ViDA) has been approved.
Public
Author: Nikolina Basić
The EU's Economic and Financial Affairs Council (ECOFIN) has approved the Value Added Tax in the Digital Age (ViDA) proposal, aiming to modernize VAT rules and combat tax fraud. ViDA introduces key measures like Digital Reporting Requirements (DRR), VAT collection for the platform economy, and expanded Single VAT Registration, with implementation planned from 2027 to 2035. Businesses must prepare... Read more
Updated rules about VAT refund for foreign customers in Lithuania
Lithuania
Author: Nikolina Basić
Lithuania’s updated VAT refund rules now simplify the process for foreign customers by eliminating the need to directly claim refunds from merchants or submit settlement documents. Read more
VAT rate updates in Lithuania
Public
Lithuania
Author: Nikolina Basić
Lithuania
Author: Nikolina Basić
Lithuania is proposing a bill to reclassify the supply of residential fuel and hot water from the current 9% reduced VAT rate to zero. This measure, which is not yet in Parliament, is set to take effect from November 1, 2024, to April 30, 2025. This move is part of a broader trend among EU countries, which are reducing VAT on fuel and essential goods to help households cope with record inflation r... Read more
Fiscalization in Lithuania: is the physical arrival of a specialist from a certified cash register service company necessary when installing the newest version of the cash register and/or a c
Lithuania
Author: Nikolina Basić
Last year Lithuania introduced an updated fiscal device—cash registers with a special secure module that brings new functionalities and possibilities for taxpayers, establishing better communication with the tax authority. This update aims to streamline the installation process, making it more convenient for businesses to adopt these advanced cash register systems. The new cash registers are also considered virtual fiscalization in Lithuania. Read more