LITHUANIA

LITHUANIA (PVM)

Lithuania  being an EU member state falls under the EU VAT regime. Member states must adopt EU VAT Directives into their own legislation.

Standard VAT Rate: 21%

Reduced VAT Rate: 5%, 9%

Registration Threshold Distance Selling: 35,000 €

EU VAT number format: LT999999999 or LT999999999999

Registration Threshold

Resident - EUR 45,000           
Non resident -   There is no registration threshold                        
IC Acquisitions - EUR 14,000     

VAT Registration

When a non-resident taxable person supplies services or goods in Lithuania, the fixed establishment owned by this non-resident person in Lithuania (or a fiscal representative, if no fixed establishment exists) must register for VAT purposes and calculate and pay VAT. The requirement to appoint the fiscal representative is not applied for EU taxable persons. These persons can be VAT registered directly. An exemption of LTL 100,000 (approximately EUR 29,000) is not applied upon the registration of non-resident taxable persons for VAT purposes. Non-resident taxable persons must register for VAT purposes before the first supply subject to Lithuanian VAT.

A non-resident taxable person, however, is not required to register as a VAT payer, when it is engaged only in VAT-exempt activities or activities which are outside the scope of VAT or subject to zero-rated VAT in Lithuania, or if the taxable person supplies services where reverse-charge applies.

VAT Compliance

Detailed rules regulate reporting requirements of Lithuanian transactions for Value Added Tax purposes. These include: invoice requirements, timeliness for an invoice to be issued, invoice and credit notes corrections rules, foreign currency reporting requirements and exchange rate sources, correction of previously submitted returns and accounting records that must be maintained for VAT purposes. 

VAT Returns

A tax period is a calendar month.
The tax authorities may grant a right to a VAT payer to have a semi-annual tax period if all the income of the VAT payer from the economic activities during the preceding calendar year does not exceed LTL 200,000 (approximately EUR 58,000).

Quarterly VAT returns are filed by VAT payers that supply services by electronic means which are subject to the special taxation scheme.

Annual VAT returns are submitted if, after the end of the calendar year concerned, adjustments have to be made. Corrections of input VAT related to actual data on VAT-exempt and VAT-taxable turnover have to be made in annual VAT returns.

If the tax period is a calendar month, VAT returns must be filed by the 25th day of the next month.
If the tax period is a calendar half year, VAT returns must be filed by the 25th day of the first month following that period.

If the tax period is a calendar quarter, VAT returns must be filed by the 20th day of the first month following that period.

Annual VAT returns must be filed by 1 October of the following year.

Intrastat and EC Sales Lists

The Intrastat discloses details of movements of goods between Member States which take place for commercial reasons, recording the movement whenever goods enter the territory of Lithuania from other Member States or leave it to other Member States.

Declaration must be filed monthly once the annual threshold is exceeded.

The due date for submission is the 10th business day of the month following the reference period.