Value added tax (VAT) related items in Lithuania include the following:
Certain supplies of electronics are subject to the domestic VAT reverse-charge mechanism:
The VAT reverse-charge mechanism is only applied if these goods are acquired by a Lithuanian VAT-payer. An additional exception, however, may apply when the goods are purchased by cash (i.e., a cash register receipt is issued in addition to the VAT invoice). In such instances, the reverse-charge mechanism is not applied, despite the VAT status of the customer.
A calendar quarter (three months) VAT reporting period has been introduced in Lithuania. Only VAT-payers with income from an economic activity in the previous calendar year that did not exceed €300,000 are eligible to apply for the quarterly reporting period. The quarterly reporting period is available only for companies, and not individuals, registered for VAT purposes in Lithuania. Regardless of whether the quarterly VAT reporting period is applied, companies are still required to submit the i.SAF invoice registers on a monthly basis.
Effective 1 November 2019, an amendment to the excise tax law in Lithuania provides that “unmanufactured tobacco” (classified under Combined Nomenclature code 2401) will be subject to excise tax (duty) amount of €68.6/kg. Further, the excise tax (duty) rate is already set to be increase further as of 1 March 2020 and 1 March 2021.
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