VAT Registration Rules for Lithuanian Taxpayers – VAT scheme for SME’s

• New VAT Registration Order: The State Tax Inspectorate of Lithuania issued an order on January 17, 2025, detailing the rules for the registration and deregistration of VAT identification numbers for taxable persons.
• Effective Date: The order, identified as VA-5, was published on January 17, 2025, and came into effect on January 18, 2025.
• Purpose and Compliance: The order aims to regulate the application of VAT identification numbers for Lithuanian taxpayers involved in business schemes in other EU member states, ensuring proper reporting and compliance.

Source lrt.it

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