- Starting November 2024, Lithuania introduces a cross-check mechanism for VAT returns and i.SAF data
- Lithuanian tax authorities released a guide for automatic checks to align VAT declarations with ledger sales data
- The system notifies taxpayers of discrepancies via the Electronic Declaration System
- Taxpayers have 10 working days to address discrepancies in their VAT returns
- If discrepancies are corrected in the i.SAF declaration, there is no need to resubmit the VAT return; the status will update to Document accepted
- Initially, the focus will be on domestic sales transactions in Lithuania
- Discrepancies in this stage are not considered critical errors but must be corrected
- New verification measures do not change existing VAT filing or payment deadlines
- The initiative aims to simplify VAT filing, increase transparency, and reduce errors and delays
- Failure to address discrepancies may lead to follow-up actions by the tax administration
Source: marosavat.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
