- Lithuania launched a consultation on a draft commentary related to the special VAT regime for intra-EU distance sales of goods.
- The draft provides clarification on VAT registration, reporting, and compliance for businesses opting into the regime.
- The draft commentary includes information on the registration and deregistration process for taxpayers choosing to apply the specified VAT regime.
- It clarifies that the Member State of identification is the EU Member State where the taxable person has established their business.
- Taxable persons must provide necessary information to the tax administrator, with communication conducted electronically.
- Taxable persons using the special VAT regime must submit a VAT return after the end of each calendar quarter, with the deadline set for the last day of the first month of the following quarter.
- The consultation is open for public comments until March 25.
Source: globalvatcompliance.com
Click on the logo to visit the website
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.
