Changes to Lithuanian VAT Rules for Passenger Cars and CO2 Emissions – Letter No. R-249

• Lithuanian State Tax Inspectorate issued Letter No. R-249 on Jan. 21
• Amendments to VAT regulations were included in the letter
• Rules for VAT deductions on passenger cars limited by CO2 emissions were clarified
• Clarification on VAT deductions for these vehicles was provided

Source: news.bloombergtax.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.