{"id":3334,"date":"2017-02-08T00:00:00","date_gmt":"2017-02-08T00:00:00","guid":{"rendered":"https:\/\/new.leinonen.eu\/ltu\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/"},"modified":"2024-10-15T09:54:38","modified_gmt":"2024-10-15T09:54:38","slug":"explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in","status":"publish","type":"post","link":"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/","title":{"rendered":"Explanation regarding issuing VAT invoices"},"content":{"rendered":"
\n

Explanation regarding issuing VAT invoices for advanced payments and afterwards \u2013 for \u201cfinal\u201d VAT invoice. Below is an explanation regarding issuing VAT invoices for advance payments received and issuing \u201cfinal\u201d VAT invoice for the supply of goods\/services.
\n1. \u00a0 \u00a0 VAT invoice should be issued for advances payment received if such payment is subject to VAT.
\n2. \u00a0 \u00a0 When a seller of goods\/services finalizes the transaction, a \u201cfinal\u201d VAT invoice should be issued. The \u201cfinal\u201d invoice should indicate the difference between the amount of total value of transaction and the amount of advanced payment. VAT should be calculated on the amount of difference.<\/p>\n

Until 1 October 2016, despite the fact, that VAT was applied to advanced payment and the invoice was issued, the \u201cfinal\u201d VAT invoice should have contained overall costs of goods\/services and VAT amount.<\/p>\n

Please find below the example, which illustrates changes in forming the advanced payment VAT invoices (total value of a transaction \u2013 EUR 8 000):<\/p>\n\n\n\n\n\n\n\n\n\n
<\/td>\n\u00a0<\/b><\/td>\nAdvanced payment VAT invoice<\/b><\/td>\n\u201eFinal\u201c VAT invoice<\/b> <\/b><\/td>\n<\/tr>\n
\u00a0<\/b><\/p>\n

\u00a0<\/b><\/p>\n

Until<\/b><\/p>\n

1 October 2016<\/b><\/td>\n

The total value (including VAT)<\/b><\/td>\nEUR 3 000 <\/b><\/td>\nEUR<\/b> 8 000 <\/b><\/td>\n<\/tr>\n
Taxable amount<\/td>\nEUR 2 479<\/td>\nEUR 6 612<\/td>\n<\/tr>\n
VAT (21%)<\/td>\nEUR 521<\/td>\nEUR 1 388<\/td>\n<\/tr>\n
\u00a0<\/b><\/p>\n

From <\/b><\/p>\n

1 October 2016<\/b><\/td>\n

The total value (including VAT)<\/b>
\n<\/b><\/td>\n		EUR<\/b> 3 000 <\/b><\/td>\nEUR<\/b> 5 000 <\/b><\/td>\n<\/tr>\n
Taxable amount<\/td>\nEUR 2 479<\/td>\nEUR 4 132<\/td>\n<\/tr>\n
VAT (21%)<\/td>\nEUR 521<\/td>\nEUR 868<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Explanation regarding issuing VAT invoices for advanced payments and afterwards \u2013 for \u201cfinal\u201d VAT invoice. Below is an explanation regarding issuing VAT invoices for advance payments received and issuing \u201cfinal\u201d VAT invoice for the supply of goods\/services. 1. \u00a0 \u00a0 VAT invoice should be issued for advances payment received if such payment is subject to […]<\/p>\n","protected":false},"author":29,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"coauthors":[114],"class_list":["post-3334","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nExplanation regarding issuing VAT invoices – Leinonen Lithuania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Explanation regarding issuing VAT invoices – Leinonen Lithuania\" \/>\n<meta property=\"og:description\" content=\"Explanation regarding issuing VAT invoices for advanced payments and afterwards \u2013 for \u201cfinal\u201d VAT invoice. Below is an explanation regarding issuing VAT invoices for advance payments received and issuing \u201cfinal\u201d VAT invoice for the supply of goods\/services. 1. \u00a0 \u00a0 VAT invoice should be issued for advances payment received if such payment is subject to […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/\" \/>\n<meta property=\"og:site_name\" content=\"Leinonen Lithuania\" \/>\n<meta property=\"article:published_time\" content=\"2017-02-08T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-15T09:54:38+00:00\" \/>\n<meta name=\"author\" content=\"Leinonen Lithuania\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@leinonengroup\" \/>\n<meta name=\"twitter:site\" content=\"@leinonengroup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Leinonen Lithuania\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/\",\"url\":\"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/\",\"name\":\"Explanation regarding issuing VAT invoices – Leinonen Lithuania\",\"isPartOf\":{\"@id\":\"https:\/\/leinonen.eu\/ltu\/#website\"},\"datePublished\":\"2017-02-08T00:00:00+00:00\",\"dateModified\":\"2024-10-15T09:54:38+00:00\",\"author\":{\"@id\":\"https:\/\/leinonen.eu\/ltu\/#\/schema\/person\/a8c70a465534bf5d60ca8295318b29a0\"},\"breadcrumb\":{\"@id\":\"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/leinonen.eu\/ltu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Explanation regarding issuing VAT invoices\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/leinonen.eu\/ltu\/#website\",\"url\":\"https:\/\/leinonen.eu\/ltu\/\",\"name\":\"Leinonen Lithuania\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/leinonen.eu\/ltu\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/leinonen.eu\/ltu\/#\/schema\/person\/a8c70a465534bf5d60ca8295318b29a0\",\"name\":\"Leinonen Lithuania\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/leinonen.eu\/ltu\/#\/schema\/person\/image\/367965f2562e7d835141550c9e275680\",\"url\":\"https:\/\/leinonen.eu\/app\/uploads\/sites\/15\/2025\/01\/avatar_user_29_1736778555-96x96.png\",\"contentUrl\":\"https:\/\/leinonen.eu\/app\/uploads\/sites\/15\/2025\/01\/avatar_user_29_1736778555-96x96.png\",\"caption\":\"Leinonen Lithuania\"},\"url\":\"https:\/\/leinonen.eu\/ltu\/news\/author\/leinonen-lithuania\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Explanation regarding issuing VAT invoices – Leinonen Lithuania","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/","og_locale":"en_US","og_type":"article","og_title":"Explanation regarding issuing VAT invoices – Leinonen Lithuania","og_description":"Explanation regarding issuing VAT invoices for advanced payments and afterwards \u2013 for \u201cfinal\u201d VAT invoice. Below is an explanation regarding issuing VAT invoices for advance payments received and issuing \u201cfinal\u201d VAT invoice for the supply of goods\/services. 1. \u00a0 \u00a0 VAT invoice should be issued for advances payment received if such payment is subject to […]","og_url":"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/","og_site_name":"Leinonen Lithuania","article_published_time":"2017-02-08T00:00:00+00:00","article_modified_time":"2024-10-15T09:54:38+00:00","author":"Leinonen Lithuania","twitter_card":"summary_large_image","twitter_creator":"@leinonengroup","twitter_site":"@leinonengroup","twitter_misc":{"Written by":"Leinonen Lithuania","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/","url":"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/","name":"Explanation regarding issuing VAT invoices – Leinonen Lithuania","isPartOf":{"@id":"https:\/\/leinonen.eu\/ltu\/#website"},"datePublished":"2017-02-08T00:00:00+00:00","dateModified":"2024-10-15T09:54:38+00:00","author":{"@id":"https:\/\/leinonen.eu\/ltu\/#\/schema\/person\/a8c70a465534bf5d60ca8295318b29a0"},"breadcrumb":{"@id":"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/leinonen.eu\/ltu\/news\/explanation-regarding-issuing-vat-invoices-for-advanced-payments-and-afterwards-for-final-vat-in\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/leinonen.eu\/ltu\/"},{"@type":"ListItem","position":2,"name":"Explanation regarding issuing VAT invoices"}]},{"@type":"WebSite","@id":"https:\/\/leinonen.eu\/ltu\/#website","url":"https:\/\/leinonen.eu\/ltu\/","name":"Leinonen Lithuania","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/leinonen.eu\/ltu\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/leinonen.eu\/ltu\/#\/schema\/person\/a8c70a465534bf5d60ca8295318b29a0","name":"Leinonen Lithuania","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/leinonen.eu\/ltu\/#\/schema\/person\/image\/367965f2562e7d835141550c9e275680","url":"https:\/\/leinonen.eu\/app\/uploads\/sites\/15\/2025\/01\/avatar_user_29_1736778555-96x96.png","contentUrl":"https:\/\/leinonen.eu\/app\/uploads\/sites\/15\/2025\/01\/avatar_user_29_1736778555-96x96.png","caption":"Leinonen Lithuania"},"url":"https:\/\/leinonen.eu\/ltu\/news\/author\/leinonen-lithuania\/"}]}},"_links":{"self":[{"href":"https:\/\/leinonen.eu\/ltu\/wp-json\/wp\/v2\/posts\/3334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/leinonen.eu\/ltu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/leinonen.eu\/ltu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/leinonen.eu\/ltu\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/leinonen.eu\/ltu\/wp-json\/wp\/v2\/comments?post=3334"}],"version-history":[{"count":1,"href":"https:\/\/leinonen.eu\/ltu\/wp-json\/wp\/v2\/posts\/3334\/revisions"}],"predecessor-version":[{"id":5572,"href":"https:\/\/leinonen.eu\/ltu\/wp-json\/wp\/v2\/posts\/3334\/revisions\/5572"}],"wp:attachment":[{"href":"https:\/\/leinonen.eu\/ltu\/wp-json\/wp\/v2\/media?parent=3334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/leinonen.eu\/ltu\/wp-json\/wp\/v2\/categories?post=3334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/leinonen.eu\/ltu\/wp-json\/wp\/v2\/tags?post=3334"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/leinonen.eu\/ltu\/wp-json\/wp\/v2\/coauthors?post=3334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}