Lithuania Tax Agency Posts Summary Explanation on VAT Filing Requirements Under Small Business Regime

The Lithuanian State Tax Inspectorate Jan. 14 posted a summary explanation on the filing requirements for taxpayers under the VAT regime for small businesses. The updated summary explanation provides that: 1) taxpayers under the regime are must only file and pay VAT returns by the 25th of the month after a tax period in which an obligation to calculate and pay VAT arose, or in which services were supplied in another EU member state; 2) VAT returns must be filed electronically through the online portal; 3) VAT-registered taxpayers applying the small business regime in other EU member states must file ...