- Government considers raising reduced rate VAT from 9% to 12%
- General rate VAT (21%) and 5% rate for medicines and vital goods will not be changed
- Reduced rate VAT for cafés and restaurants on working days is being considered
- Safeguards are needed to ensure reduced rate VAT does not apply to all catering services
- Tax amendments are expected to be adopted by the end of parliament’s spring session (July)
Source: delfi.lt
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.
