For extensive information on the rules on VAT in Lithuania, please address to our consultants, at https://www.companyformationlithuania.com/.

1. VAT in Lithuania
A presentation brought to you by
CompanyFormationLithuania.com

2. VAT in Lithuania is an indirect
tax, charged to all entities that
sell goods and services on the
Lithuanian market.

3. Rules applicable to
VAT were last
amended in 2002,
when the Value
Added Tax Act was
modified.

4. Companies have to register for VAT if they obtain a certain yearly
income. VAT registration is mandatory when an entity has an
income above EUR 45,000/year.

5. The Ministry of Finance of the Republic of Lithuania stipulates
when an entity is required to register for the payment of VAT.

6. The requirement to
register for VAT is not
applicable only to
companies registered in
Lithuania, but also to
foreign companies which
sell goods and services
in this country.

7. If foreign companies are liable to VAT payment, they will need
to apply for a non-resident VAT number, issued by the
Lithuanian tax authorities.

8. If a company in
Lithuania deals with
intra-community
acquisitions, the
VAT registration will
become mandatory
at a threshold of
EUR 14,000.

9. The standard VAT rate
in Lithuania is of 21%.
.
Pharmaceuticals products
are charged at a rate of 5%
Transport and tourism are
charged at a VAT rate of 9%.
International transportation
is charged with a 0% VAT.

10. There are numerous cases in which a
company is liable to VAT in Lithuania,
such as in the case of selling goods on
the local market, or when importing
goods here from outside the EU. Our
specialist can present all situations
prescribed by the national law.

11. Thank You for Your Attention!
For more details, please contact us at:
www.companyformationlithuania.com clients@lawyerslithuania.com