• VAT news
  • Lithuania introduces VAT ledgers return

    Lithuania was the last country to announce the requirement for all taxpayers to submit the VAT ledgers on a periodic basis. The new ledgers return will need to provide transaction data on all issued and received invoices in Lithuania. It will apply from 1 October 2016 and, in principle, it requires electronic submission of your ledgers on a monthly basis.

    This requirement was already introduced in Czech Republic, Portugal, Hungary, Poland and Spain. Some tax authorities have recently announced the achievements of these new obligations in the purpose of reducing VAT fraud and increasing revenues....

    Read more
    By Marosa EU VAT Lithuania Published 29/07/2016 10:29

    Intrastat threshold changes in Lithuania

    Lithuania recently reduced the Intrastat threshold from €290,000 to €280,000 for Arrivals and from €215,000 to €200,000 for dispatches. This is an unusual change in the European Union as Member States normally increase their thresholds periodically (not decrease them). Lithuania had previously increase its threshold in 2015.

    Intrastat returns are statistical declarations with detailed information about the movement of goods from one Member State to another. They are only required when the applicable threshold in the country involved is exceeded. The combination of detailed...

    Read more
    By Marosa EU VAT Lithuania Published 26/02/2016 10:34

    Lithuania extends reverse charge on construction services

    Lithuania extended the reverse charge mechanism on construction services to the supplies of goods with installation related to construction.

    Reverse charging VAT is an exception to the general VAT rules. Normally, it is the supplier who must account to the tax authorities for any VAT due on the supply. However, for certain goods and services, the obligation to account for the VAT element of the transaction is ´reversed´ and passed to the customer. From an accounting point of view, this system only requires the VAT element to be booked for the same amount in the input VAT account and output VAT...

    Read more
    By Marosa EU VAT Lithuania Published 26/02/2016 10:30
    Icon home blog ca7b3ba01dfab1e0566929f5563f0e0cf92d499b0f0f8eb0a6391edf690700d7


    Stay on top of all legislative changes in every European country. Our newsletter focuses on compliance practical matters. Subscribe now free of charge.

    Subscribe to our Newsletter


    Icon divider short blue 9e69e640d27b9beed3775081159a67da2696a2522b67794358e861bc9bc7cc97

    Marosa provides a one-stop solution for VAT obligations in all European countries. We assist clients with a single point of contact that speaks their language and handles all VAT related issues with a standard and cost efficient approach.

    Recent articles

    Icon divider short blue 9e69e640d27b9beed3775081159a67da2696a2522b67794358e861bc9bc7cc97


    Icon divider short blue 9e69e640d27b9beed3775081159a67da2696a2522b67794358e861bc9bc7cc97

    Austria Archiving Belarus Bulgaria Cyprus Estonia France Germany Greece Hungary Ireland Spain Financial services Belgium VAT rates e-commerce Italy Kosovo Latvia Lithuania Poland Serbia Slovakia Slovenia UK European Union Czech Republic Reverse charge Russia Switzerland Denmark Finland Portugal Norway Sweden Luxembourg The Netherlands Croatia Romania Iceland Malta