- Lithuania’s parliament is considering raising the VAT registration threshold.
- The current threshold is EUR 45,000.
- The proposed threshold is EUR 60,000.
- Businesses would only need to register for VAT if their annual turnover exceeds EUR 60,000.
- VAT would apply to all goods and services responsible for the increase, starting from the month it occurs.
- The new threshold would come into effect on 1 January 2026 if the bill is approved.
Source: regfollower.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.
