VAT Relief

We would like to kindly inform you that Lithuanian government has approved a temporary VAT relief which will be valid until 31 December 2022. A reduced VAT rate of 9% will be applied in the below mentioned cases:

·Catering services with the exception of services or parts of services which are related to alcoholic beverages, i.e., the reduced VAT rate of 9% can be applied to restaurants, pubs, etc.

·For all types of artistic and cultural institutions, for artistic and cultural events, sports events, sports clubs and for other similar services with the exception for non-profit legal entities

·Performance services provided by performers, such as actors, singers, musicians, dancers, etc.

We would like to note, that the above-mentioned changes will be valid from 1 July 2021, however, the Law must be signed by the Lithuanian President.

If you have any further questions, please do not hesitate to contact us. Leinonen Tax Team can provide expert knowledge and help you with different taxation issues.

The information above is prepared by Leinonen Tax Team.

Recent Posts

May 23, 2023

Reduce your company‘s taxable profit with investment tax relief

Although the investment tax relief came into force in 2009, only a small number of companies benefited from the exemption and reduced their taxable profits.…

Continue reading
May 18, 2023

Leinonen Lithuania welcomes the new country manager

Povilas Sadaunykas has been appointed as the new director of Leinonen Lithuania. In this position, he replaces Milda Ugianskienė, who has been the head of…

Continue reading
May 16, 2023

The most common mistakes when declaring corporate income tax

Approaching the deadline for filing a corporate tax return, we would like to draw your attention to the most common mistakes when declaring income tax.…

Continue reading