- The Lithuanian State Tax Inspectorate issued FAQs on tax obligations for influencer activities.
- Topics include procedures for reporting the start of individual activities and selecting the appropriate activity code.
- Allowable expense deductions are outlined.
- Influencer activity is considered an economic activity and subject to VAT when services are provided for consideration within the country.
- Circumstances requiring VAT registration for influencer activities are detailed.
- VAT registration application procedures are provided.
- Costs not included in the estimate of specific advertising services and not in the price are considered unrelated to VAT-taxable economic activity, and their input VAT cannot be deducted.
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.
