- The Lithuanian Parliament accepted Draft Bill No. XVP-90 on December 30 for consideration
- The bill proposes a preferential 9 percent VAT rate for essential food products and certain service sectors
- Alcoholic beverages are excluded from this preferential VAT rate
- The Lithuanian government or an authorized institution will establish and update the list of eligible food products
- The law is set to be effective from July 1, 2025
- Implementing legal acts for the law must be adopted by the Lithuanian government by April 30, 2025
Source: news.bloombergtax.com
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