Who is required to register VAT?
- deliver goods or services to Lithuania (registration is required when the annual sales value has exceeded EUR 45,000)
- buy or sell goods in Lithuania
- buy goods from other EU member states in Lithuania (registration is required when the annual sales value has exceeded EUR 14,000)
Voluntary registration is also possible in cases where the aforesaid limits are not exceeded.
The reporting period in Lithuania is monthly, and a natural person’s period is semiannual, although the regulations allow for a different period. For monthly periods, VAT declarations must be submitted and the VAT amount payable must be paid by the 25th day of the month following the closing of the period.
Currently, the tax rates in Lithuania are:
- 21% – basic rate
- 5% & 9% – reduced rates (9% - books, housing energy including hot water, passenger transportation, accommodation services, firewood; 5% - aids for people with disabilities, pharmaceuticals and medical aids to those with the right to reimbursement, magazines and periodical publications)
Services we provide in this country:
- VAT Registration
- VAT Settlements
- VAT Consulting