pps@marosavat.com | +34 91 0602141

MarosaVAT EU VAT Services

Lithuania introduces VAT ledgers return

principal / Lithuania introduces VAT ledgers return

Lithuania introduces VAT ledgers return

Disculpa, pero esta entrada está disponible sólo en Inglés Estadounidense. For the sake of viewer convenience, the content is shown below in the alternative language. You may click the link to switch the active language.

VAT ledgers return introduced in Lithuania

Lithuania was the last country to announce the requirement for all taxpayers to submit the VAT ledgers on a periodic basis. The new VAT 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. In some instances, the requirement to submit this information includes real-time data, so businesses need to provide details about their transactions as and when they issue or receive invoices.

Marosa is on top of all changes and system requirements in those countries where the authorities require VAT ledgers to be submitted electronically. We suggest looking at your ERP reports well in advance in order to avoid last minute issues of content and format in your data. Contact us if you need help from our VAT and IT specialists in each country.

  • By Marosa VAT
  • Publicado 27/07/2016 18:08