Lithuania Gazettes Order Amending VAT Registration, Deregistration Procedures

The Lithuanian Official Gazette March 31 published Order No. VA-25, amending VAT registration and deregistration procedures. The order includes measures: 1) updating and clarifying the mandatory VAT registration rules for residents and nonresidents, including thresholds related to domestic supplies, acquisitions from other EU member countries, and cross-border services; 2) clarifying the conditions for voluntary VAT registration and the application of the small business VAT regime; 3) updating the criteria and procedures for VAT deregistration, which includes cases of inactivity and noncompliance, and circumstances indicating potential tax abuse; and 4) aligning the electronic application, review, and decision-making processes with the tax ...