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Lithuania Tax Agency Posts Draft Rules, FAQs on DAC7 Reporting Requirements for Digital Platform Operators

Nov. 25, 2022, 5:00 AM

The Lithuanian State Tax Inspectorate Nov. 21 posted online draft rules and FAQs on the DAC7 reporting requirements for digital platform operators. Topics covered include: 1) the requirement for operators of digital platforms to annually report information from Jan. 1, 2023; 2) relevant definitions and legal provisions; 3) the requirement for qualifying operators to register within five working days of starting operations or within five working days of Jan. 1, 2023; 4) the procedure to register structural unit data; 5) the first reporting deadline of Jan. 31, 2024; 6) the requirement for operators to report information before Jan. 31 for ...