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

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

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

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

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

Order No. VA-75 introduces significant updates to the My VMI service, improving security, transparency, and user convenience by the latest legal and technological standards. Key changes include expanded definitions, enhanced authentication processes, detailed guidelines for representatives, clarified service ordering procedures, and transparent cookie usage policies. Let's find out what the chang... Read more

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