The Lithuanian Parliament is considering a bill to renew the reduced VAT rate for catering services. More precisely, the bill includes measures to renew the reduced 9% VAT rate for catering services and takeaway food.
Do you know when the application period is?
VAT updates in Lithuania: extended reduced VAT rate for catering services?
Public
Lithuania
Author: Kristina Dosen
Category:
Fiscal subject related
Views:
101
Content accuracy validation date:
14.05.2024
Content accuracy validation time:
08:12h
Content
The application period for preferential VAT rates is set from July 1, 2024, to December 31, 2027. In the next few months, the official information will be available, with a definite date.
Other news from Lithuania
Updates for B2G e-invoicing in Lithuania
Public
Lithuania
Author: Kristina Dosen
Lithuania
Author: Kristina Dosen
If we consider e-invoicing obligations, in Lithuania, they are predefined for B2G and voluntary for B2B. For B2G e-invoicing, starting July 1, 2024, all invoices for public entities and other contracting organizations must be submitted through the SABIS (General Account Administration Information System), replacing the E. sąskaita platform that has been introduced before. Meaning: The Lithuanian... Read more
New document was uploaded: Overview of fiscalization in European countries
Author: Kristina Dosen
This document contains an overview of the presence of fiscalization and its types in all European countries. Read more
Where the use of a cash register is mandatory/optional in Lithuania?
Public
Lithuania
Author: Kristina Dosen
Lithuania
Author: Kristina Dosen
In general, companies and organisations are required to use cash registers in their economic operations. Cash registers are to be installed in places where persons pay for the goods or services sold to them in cash and/or non-cash using a payment instrument, or where persons are paid in cash for the goods purchased from them. The use of cash registers is not required where payments are made at res... Read more
New document was uploaded: Online shops from the fiscalization perspective in Lithuania
Lithuania
Author: Kristina Dosen
The purpose of this document is to explain rules regarding online sales in Lithuania, based on a B2C and retail perspective. Also, it will be presented whether online sales are subjects of fiscalization or not, whether some special rules must be respected, and what is important for retailers and taxpayers. Read more
Adopted legal acts related to the rounding of cash settlement amounts in Lithuania
Public
Lithuania
Author: Kristina Dosen
Lithuania
Author: Kristina Dosen
The Law of the Republic of Lithuania on the Rounding of Cash Payments has been adopted, which establishes the procedure for rounding cash payments for goods (services). Together with the adoption of the law on rounding of amounts in cash, the following legal acts were changed: the Law on Financial Accounting of the Republic of Lithuania, the Law on Value Added Tax of the Republic of Lithuania, and... Read more
New document was uploaded: Digital Product Passport
Author: Kristina Dosen
Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more