Amendments to VAT and Excise Duties Laws

Moreover, from 1 January 2017 the VAT Law amendments come into force, on the grounds of EU Regulation No. 952/2013 from 9 October 2013, which established the implementation of EU customs code. According to the EU Regulation, the special customs actions become customs procedures (e.g. the transfer of goods into free zone becomes the special customs procedure for free zone). Some customs procedures will no longer be applied, i.e. inward processing procedure under the customs control and temporary admission for the inward processing are going to be cancelled. Instead of these procedures, the special customs procedures for temporary admission for inward processing will be applied.

In addition, from 1 January 2017, application of excise duty relief will be applied only to duty free shops at international airports and seaports. Due to this, based on the amendment to the VAT Law, 0% VAT rate will be imposed on goods, supplied for sales in special places, which are established in international seaports and airports, i.e. the current provisions allowing duty free shops activities at other border crossing points will be eliminated.

Recent Posts

Expanding your business in the Baltic States: what challenges lie ahead and how to overcome them - Leinonen
February 14, 2025

Expanding your business in the Baltic States: what challenges lie ahead and how to overcome them

When companies look to expand into foreign markets, the Baltic States often become the first choice. Operating in neighboring countries presents numerous opportunities but also…

Continue reading
Key Criteria for Choosing an Accounting Program: Essential Solutions for Effective Financial Management - Leinonen
February 5, 2025

Key Criteria for Choosing an Accounting Program: Essential Solutions for Effective Financial Management

In today’s business environment, financial accounting and operations management are inseparable from the use of digital tools and advanced applications. Whether establishing a new company,…

Continue reading
January 6, 2025

PAYROLL IN LITHUANIA: KEY INSIGHTS INTO REGULATION AND TAXATION

Understanding the complexities of payroll laws is essential for employers and employees alike to ensure compliance and foster a productive work environment. This guide provides…

Continue reading