Lithuania's new cash payment rules clarify that only the total amount paid in cash is rounded, while 1 and 2 euro cent coins remain legal tender and must still be accepted by merchants. These coins can be used for change or exchanged at the Bank of Lithuania, which offers free services for individuals and businesses to reduce their circulation.
Lithuania Clarifies Cash Rounding Rules
Public
Lithuania
Author: Ema Stamenković
Category:
Fiscal subject related
Views:
61
Content accuracy validation date:
09.06.2025
Content accuracy validation time:
09:21h
Cash payments in Lithuania are rounded to the nearest 0,5 or 10 euro cents, per the new settlement procedure. While most have adapted, some misunderstandings persist. The Bank of Lithuania clarifies rounding rules for consumers and merchants.
Cash payments for the final shopping cart amount are not rounded; the exact amount on the receipt is paid. 1 and 2 euro cent coins remain legal tender for payments and returns. Merchants must accept them and may use them for change if larger cent coins are unavailable. The Bank recommends using or exchanging these coins at its Vilnius and Kaunas cash desks, where they remain valid and will naturally decrease in circulation.
Businesses can deposit 1 and 2 euro cent coins via collection companies, credit institutions, or exchange them free at Bank of Lithuania cash desks. A fee may apply at credit institution branches. The Bank accepts unlimited coins once daily, exchanging up to one liter for banknotes immediately or transferring larger amounts to accounts within 15 business days.
Other news from Lithuania
New webinar was uploaded: Recorded webinar: Fiscalization and online sales in European countries
Author: Nikolina Basić
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
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
Updates of VAT rates in Lithuania
Public
Lithuania
Author: Nikolina Basić
Lithuania
Author: Nikolina Basić
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
Updated technical documentation in the Lithuanian fiscalization system
Lithuania
Author: Nikolina Basić
Lithuania’s State Tax Inspectorate has released an updated technical document outlining integration requirements for the Smart Electronic Cash Register Subsystem within the Smart Tax Administration Information System. Let's find out more on this! Read more
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New document was uploaded: Q& A from the webinar: Fiscalization and online sales in European countries
Author: Nikolina Basić
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
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
New document was uploaded: Recorded webinar: Fiscalization and online sales in European countries
Author: Nikolina Basić
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
Subscribe to get access to the latest news, documents, webinars and educations.
Already subscriber? Login
End of intra-model European electronic invoice and new rules introduced
Public
Author: Nikolina Basić
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