- The Lithuanian State Tax Inspectorate is consulting on a draft commentary to Article 2 of the VAT Law concerning vouchers.
- The draft commentary clarifies that the sale of a multi-type voucher and unused amounts on multi-type vouchers are not subject to VAT.
- The transfer of goods or services in exchange for a multi-type voucher is subject to VAT.
- The price paid for goods or services supplied for a single-type or multi-type voucher is consideration.
- A supply of goods or services related to a single-type voucher occurs when a taxable person sells the voucher to a customer for consideration.
- Exchanging a purchased single-type coupon for goods or services is not considered a supply of goods or services subject to VAT.
- Comments are due April 3.
Source: news.bloombergtax.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.
