LITHUANIA – Update 17th April
Taxpayers are to be relieved from late payment penalties and late payment interest (the procedures are still to be confirmed).
Source Credit – Accordance VAT
LITHUANIA – Update 16th April
VAT rate cut considered on catering services for food and non-alcohol drinks from 21% to 9%
Source Credit- Richard Asquith (Avalara)
LITHUANIA – Update 10th April
Lithuanian parliament to debate VAT cut proposal for catering services
Purpose is to lessen coronavirus outbreak’s impact on Lithuania’s restaurants, cafés, bars, and nightclubs
Mykolas Majauskas, a lawmaker for Lithuania’s opposition Homeland Union – Lithuanian Christian Democrats (TS-LKD) party, has submitted a draft amendment to the country’s value-added tax (VAT) law that proposes to decrease the levy on food and beverage catering services from 21 percent to 9 percent.
Source Credit – IEG agribusinessintelligence
LITHUANIA – Update 31st March
- VAT returns are able to be deferred to up to a year, with no penalty charges for late payments
Source Link here