Lithuania Tax Agency Seeks Comments on Draft Amendment to Commentary on VAT Law

The Lithuanian State Tax Inspectorate Feb. 26 opened a consultation on a draft amendment to the commentary on Article 15 of the VAT Law. The draft amendment includes measures to: 1) explain rounding rules for cash payments; 2) explain rounding rules for the simultaneous purchase of goods and services in cash, from May 1; 3) provide rounding and calculation examples under different scenarios; and 4) specify when rounding isn’t applied, such as in certain cases where the total amount payable is under 5 euros (US$5.20). Comments are due March 7. [Lithuania, State Tax Inspectorate, 02/26/25]

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