The purpose of this document is to explain rules regarding online sales in Lithuania, based on a B2C and retail perspective. Also, it will be presented whether online sales are subjects of fiscalization or not, whether some special rules must be respected, and what is important for retailers and taxpayers. Read more

The Lithuanian Parliament is considering a bill to renew the reduced VAT rate for catering services. More precisely, the bill includes measures to renew the reduced 9% VAT rate for catering services and takeaway food. Do you know when the application period is? The application period for preferential VAT rates is set from July 1, 2024, to December 31, 2027. In the next few months, the official in... Read more

The Law of the Republic of Lithuania on the Rounding of Cash Payments has been adopted, which establishes the procedure for rounding cash payments for goods (services). Together with the adoption of the law on rounding of amounts in cash, the following legal acts were changed: the Law on Financial Accounting of the Republic of Lithuania, the Law on Value Added Tax of the Republic of Lithuania, and... Read more

Do you even know what DPP is? Digital Product Passports (DPP) are set to play a crucial role in the European Union’s commitment to a circular economy. The purpose of this document is to provide you with a necessary overview of the upcoming Digital Product Passport requirements set to be implemented by the European Union. Read more

As in other EU countries, Lithuania has its own rules for e-invoicing. It is managed by the Ministry of Finance and the State Tax Inspectorate.  More precisely, mandatory e-invoice obligations are introduced for B2G transactions (begun in July 2017). For other sectors, it is not mandatory, but it can be used. In 2019, Lithuania joined the PEPPOL network as a model of exchange in accordance with pr... Read more

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

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