Since September, Lithuania's SABIS system has been used for issuing invoices in compliance with the EU directive on electronic invoices in public procurement. SABIS ensures that invoices meet all VAT law requirements, include mandatory VAT details, and automatically select the correct VAT rate for deduction and payment. This system enhances efficiency by providing all necessary information in a si... Read more

Lately, in Lithuania, VAT and excise refund rules for diplomatic missions have changed. More precisely, recent amendments have been made to the rules governing VAT and excise tax refunds for certain foreign diplomatic missions and consular offices in Lithuania. Changes are as follows: US Embassies: US embassies in Lithuania and their personnel are now exempt from VAT refunds for vehicles purcha... Read more

As online shopping continues to grow, the European Union is planning to implement new regulations to protect local e-commerce sellers. One significant change affects consumers who shop on international platforms like Temu or AliExpress. The EU has already taken some steps at the first sign of growing foreign e-commerce sellers, and since July 1, 2021, all goods entering the EU, regardless of their... Read more

Using a cash register with a security module and/or a virtual fiscalization cash register (an upgraded system known as i.EKA), print and store the daily (shift) fiscal report (Z) and the aggregated fiscal report and paste them into the cash register of the autonomous cash register. There is no obligation, but the obligation to form a report (Z) remains. The regulations stipulate that the Report (Z... Read more

One way to validate VAT numbers in the EU is the VAT Information Exchange System (VIES), which is a crucial tool for businesses operating within the European Union. Owned by the European Commission, VIES is a search engine that retrieves data from national VAT databases to verify VAT numbers. Here’s a detailed look at how VIES works and its significance. How VIES Works When a search is made usi... Read more

For cash registers that operate (issuing a product or providing a service and/or registering receipts) without a cashier or other employee (self-service cash registers), we can say that its function is quite different that in regular store sales, where cashier deals with cash register. On self-service cash registers, daily reports can be printed only during collection, but at least once a month. F... Read more