5 Major Developments in Lithuania

5 Major Developments in Lithuania

• QR code—a new requirement in accordance with the latest changes in fiscalization

• Updated guidance for acquisition of goods by individuals from another EU member state

• What are the Changes for Registering Cash Registers in Lithuania as of April 26, 2023?

• Proposal: VAT registration threshold be increased from EUR 45,000 to EUR 55,000

• Actions when the cash register is updated in accordance with the newest technical updates?

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E-invoicing

• Latest News on E-Invoicing in Estonia, Lithuania and Latvia

Fiscalization

• QR code—a new requirement in accordance with the latest changes in fiscalization

• Types of transactions in Lithuania according to the newest changes in fiscalization

• Reminder: timeline for new fiscalization requirements in Lithuania

• What are the Changes for Registering Cash Registers in Lithuania as of April 26, 2023?

• Actions when the cash register is updated in accordance with the newest technical updates?

Flat Rate Schemes

• Update VAT taxation of agricultural products and services sold by farmers subject to the compensatory VAT rate scheme

Intra-Community Transactions

• Updated guidance for acquisition of goods by individuals from another EU member state

Registration

• European Commission Closes Infringement Proceedings Regarding Lithuania’s VAT Threshold Avoidance Rule

• Proposal: VAT registration threshold be increased from EUR 45,000 to EUR 55,000

Reporting / Compliance

• Updated version of “Filling in the FR0600 VAT return form for the tax period”

• International VAT Rate Round Up: April 2023