- Lithuania approves VAT Law amendments
- Amendments align with EU Directive
- Updates include:
- Expanded special scheme for small enterprises
- Changes to service provision rules
- Simplified VAT registration for international transactions
- Enhanced invoice requirements
- Adjustments for financial services
- Amendments will be adopted through expedited procedure
- Changes will take effect on May 1, 2025
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.
