- Lithuania proposes further VAT rule amendments for small businesses
- Ministry of Finance refines previous proposals on VAT Law
- Amendments include expansion of special scheme for small enterprises
- Changes to place of service provision rules, simplified VAT registration for international transactions
- Enhanced invoice requirements and adjustments related to financial services
- Amendments set to be adopted through expedited procedure
- Changes to take effect from 1 May 2025
- Draft law introduced by Lithuania’s parliament to alleviate VAT compliance burden for small businesses and provide tax break for B2C services
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.
