Lithuania Tax Agency Seeks Comments on Draft Commentary Regarding VAT Rules for Vouchers

The Lithuanian State Tax Inspectorate March 20 opened a consultation on a draft commentary to Article 2 of the VAT Law concerning vouchers. The draft commentary includes measures to clarify that: 1) the sale of a multi-type voucher, and amounts received for multi-type vouchers that aren’t used, aren’t subject to VAT; 2) the transfer of goods or the provision of services, in exchange for a multi-type voucher, is subject to VAT; 3) the price paid for goods or services, supplied for a single-type or multi-type voucher, is consideration; 4) a supply of goods or services related to a single-type voucher ...