Lithuania Tax Agency Issues FAQs on Tax Obligations for Influencer Activities

The Lithuanian State Tax Inspectorate March 24 issued frequently asked questions (FAQs) on tax obligations for influencer activities. Topics covered include: 1) procedures for taxpayers to report the start of individual activities, as well as the activity code type that should be selected for individuals to carry out influencer activities; 2) allowable expense deductions; 3) that an influencer activity is considered an economic activity and is subject to VAT when influencers provide services for consideration and the provision of services takes place within the country; 4) circumstances when persons carrying out influencer activities must register as VAT payers; 5) VAT ...