Lithuania plans to adjust several VAT rates effective January 1, 2026, pending approval by the Seimas by July 2025. Key changes include increasing VAT on district heating and certain services to 21% or 12%, reducing the VAT on books to 5%, and introducing a new 10% tax on non-life insurance policies.   Lithuania is preparing to revise its value-added tax (VAT) rates, with certain changes exp... Read more

On May 15th, 2025, Fiscal Solutions organized a free webinar on the topic of "Fiscalization and online sales in European countries". The webinar was held by Fiscal Solutions Legal Consultant Nikolina Basić. Let’s find out more about answers to questions asked during the webinar. Read more

On May 15th, 2025, Fiscal Solutions organized a free webinar on the topic of "Fiscalization and online sales in European countries". The webinar was held by Fiscal Solutions Legal Consultant Nikolina Basić. Let’s delve deeper into this topic! Read more

Starting July 1, 2030, the EU will eliminate the Intra models for VAT reporting, replacing them with mandatory electronic invoicing under Directive 516/2025. The new system, part of the VIDA 2030 Package, will require businesses to issue standardized e-invoices for all intra-EU B2B transactions, with data transmitted to VIES for cross-border VAT monitoring and fraud prevention. This shift aims to... Read more

The Digital Services Act (DSA) is an EU regulation designed to ensure safer and more transparent online environments by imposing new responsibilities on digital service providers, including those outside the EU. It applies to a broad range of online platforms, with stricter obligations for very large platforms, but also key requirements for medium-sized businesses, such as EU representation, transparency, and content moderation reporting. Read more

In Lithuania, taxpayers who fail to upgrade their cash registers by the May 1, 2025 deadline may avoid penalties if they actively demonstrate compliance efforts. This includes contacting a certified service provider, signing a contract for the upgrade, and securing a confirmed installation date. Read more

Lithuania has proposed tax reforms to boost defense funding, including raising the reduced VAT rate from 9% to 12% for sectors like transport, heating, and tourism, while lowering the VAT on books to 5%. The plan also includes a 1% corporate tax increase and higher income tax rates, with public consultation open until April 30, 2025. The Lithuanian Ministry of Finance has unveiled a series of tax... Read more