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.
VAT rate updates in Lithuania
Public
Lithuania
Author: Nikolina Basić
Category:
Fiscal subject related
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70
Content accuracy validation date:
05.11.2024
Content accuracy validation time:
08:25h
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 rates this winter.
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