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VAT fines in Lithuania have been raised
Summary
The government in Lithuania has adopted amendments to the VAT law. The fines for VAT evasion will be increased, and they will be applied as of May 1, 2023.
Content
Therefore, from May 1, 2023, the responsibility for non-compliance with the VAT payment procedure will be changed. Instead of the currently valid fines of 10 to 50 percent of the additional calculated VAT amount, fines of 20 to 100 percent of the additional calculated VAT amount will be applied.
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