VAT News

New Lithuanian reporting requirements

Coming into effect from 1 October 2016, the Lithuanian government has introduced new requirements whereby all parties registered for VAT in Lithuania must submit invoicing data and other prescribed documents on a monthly basis, via an online portal. This is required of all VAT registered parties, regardless of whether they have an establishment in Lithuania. The first deadline for submission will be 21 November 2016.

Similarly to other member states, SAF-T submission will be available, and it is thought this will be possible from 2017.

Related articles

UK-Implications of a 'no-deal' Brexit

The UK government has released guidance on the VAT impacts of the UK leaving the EU with no deal negotiated

Read more
South Korea - VAT has been extended to foreign cloud computing

The scope of VAT has been extended to foreign B2C cloud computer services.

Read more
Romania postponing VAT cut

Romania is considering postponing cutting the19% VAT rate to 18% for 2019.

Read more