Fiscal subject related
Other news from Lithuania
Is it possible to correct the documents submitted to i.EKA from the cash register in Lithuania?
The i.EKA project for fiscalization in Lithuania was launched last year. As a reminder, the fiscal devices have been upgraded with a new module, direct communication with tax authorities, and other features. The fiscal documents have also been defined with rules. Besides sales transactions, there are other transactions, such as returns, voids introduced for different situations, on-going errors, e... Read more
VAT rates are updated in Lithuania.
The latest updates for VAT rates have been introduced in Lithuania. Let's find out what has been changed'? More precisely, the Lithuanian State Tax Inspectorate announced an expiration date of 9% VAT for catering services and takeaway food. In 2024, a 21% rate will apply to food and services. Importantly, cash registers of establishments selling alcoholic beverages must print daily sales informa... Read more
New document was uploaded: Recorded webinar: It’s time to grow together
In this discussion, we have introduced our new partner program and what is essential for international growth, while dealing with topics such as - Success factors for POS applications - What does globalization mean? - How to grow globally? Furthermore, we presented benefits for our partners. Last but not least, we presented our fiscal cloud architecture and its important features.You can down... Read more
Updated VAT rates in Lithuania
The reduced VAT rates that have been introduced in previous years have also been updated. Because of the inflation, pandemic, and other crises, the reduction has been introduced, but for certain sectors, the reduction is being corrected. So, let's unveil the newest updates! In Lithuania, the reduced VAT rate of 9% for catering services and takeaway food provided by restaurants, cafeterias, and si... Read more
Lithuania introduces a VAT refund for foreign customers.
The procedure for VAT refunds for foreign customers has been established in all EU countries. During the years, the established rules have been changed and upgraded. That happened also in Lithuania. More precisely, in accordance with the council directives of the European Union, which establish only the electronic method of submitting requests for refund of value-added tax changes, the rules intro... Read more
What VAT rate will be defined for catering services in Lithuania?
In accordance with the current version of the VAT Act in Lithuania, we can say that the VAT rate for catering services is 9%. Importantly, this was introduced as a benefit for catering services. But importantly, the VAT rate for catering services and takeaway food provided by restaurants, cafes, and similar catering establishments, with the exception of alcoholic beverages and services or parts of... Read more
Implementation of the ViDA directive faces delays
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