The EU adopted the VAT in the Digital Age (ViDA) package on March 11, 2025, introducing major changes to the VAT system starting January 1, 2027. Key reforms include mandatory digital VAT reporting by 2030, new VAT collection rules for online platforms, and expanded One-Stop Shop (OSS) registration to simplify cross-border compliance. Additional measures, such as mandatory e-invoicing, phasing out... Read more

The Lithuanian State Tax Inspectorate (STI) has begun receiving revenue data from 28,000 cash registers, reminding 4,000 businesses that have yet to comply with i.EKA system requirements. The tolerance period for businesses to start submitting data lasts until May 1, 2025, after which penalties may apply. Companies can either modify existing cash registers or adopt virtual fiscalization, which all... Read more

Starting May 1, 2025, Lithuania will implement mandatory rounding of cash payments to the nearest 5 euro cents, affecting the final price but not the taxable value for VAT purposes. Read more

Lithuania's fiscalization system was upgraded in 2023 through the i.EKA project, which modernized fiscal devices and enhanced communication with the state tax inspectorate. The system operates under strict legal and technical regulations, with updates made periodically to ensure compliance. Read more

The European Commission is tightening regulations on e-commerce imports to address the surge of unsafe and counterfeit goods, particularly from China, by reforming customs rules and increasing product safety checks. Key measures include removing the duty exemption for low-value parcels, introducing a potential customs fee, establishing priority control areas, and launching an EU-wide product safet... Read more

The State Tax Inspectorate of Lithuania (STI) has announced updates to the Classification of Types of Economic Activities (EVRK), effective January 1, 2025. Let's find out more on this! Read more