The European Commission's ambitious plan to modernize and digitalize the EU's value-added tax (VAT) system has been postponed by two years and possibly more after facing resistance from some member states and businesses. The VAT in the Digital Age (ViDA) initiative, which was proposed in December 2022, aimed to introduce a series of measures to reduce VAT fraud, simplify VAT compliance, and promo... Read more

As previously stated, new fiscalization changes were implemented in Lithuania a few months ago. The deadlines and main rules have been known for quite some time, and a taxpayer has already started with the newly upgraded devices that fulfill the new requirements. As a reminder, from November 1, the obligation to submit receipt data to the Intelligent Electronic Cash Register subsystem known as i.E... Read more

One of the main requirements in relation to cash registers and fiscalization in Lithuania is that each cash register must be registered with a VMI indicating the address of its installation, the address of the business entity's headquarters, or the address of a branch or other unit registered in the Register of Taxpayers. Below, you'll discover more details. The address of the installation of th... Read more

The purpose of this document is to explain the fiscalization and defiscalization of fiscal devices in Lithuania. This process can also be named the activation or deactivation of fiscal devices, in accordance with the legislation. Read more

Are you familiar with the requirements that apply to the storage of EJ cash registers with a secure module? Newly upgraded devices are present more and more in the Lithuanian market. As a reminder, they have new modules and features, established communication with the State Tax Inspectorate, etc. Here's a closer examination of the specifics... Regarding electronic journals, or electronic cash r... Read more

This document represents an introduction to the types of e-invoicing models in European countries as well as the key conclusions made during this research. Read more

To be able to operate in Lithuania in terms of VAT, certain requirements must be met. More precisely, VAT registration in Lithuania is required. It is mandatory for companies to apply for VAT registration with the Lithuanian authorities before starting their activities. It is, of course, required to contact the Lithuanian tax authorities to start the registration procedure. What else? Also, cert... Read more