Lithuania's Parliament is considering a bill to introduce a 9% VAT rate for essential food products and specific services, excluding alcohol, effective July 1, 2025. The government will define eligible products by April 30, 2025, aiming to ease living costs for citizens.
Changes of VAT rates in Lithuania announced
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Lithuania
Author: Nikolina Basić
Category:
Fiscal subject related
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1397
Content accuracy validation date:
14.01.2025
Content accuracy validation time:
10:34h
On December 30, the Lithuanian Parliament accepted Draft Bill No. XVP-90 for consideration. This bill proposes a preferential 9 percent VAT rate for essential food products and certain service sectors while explicitly excluding alcoholic beverages from this reduced rate. The Lithuanian government or an authorized institution will be responsible for establishing and updating the list of eligible food products. The new law is set to take effect on July 1, 2025, with the necessary implementing legal acts to be adopted by the Lithuanian government by April 30, 2025. This move aims to provide financial relief on essential goods and services, reflecting the government's commitment to supporting its citizens' cost of living.
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