• Gift vouchers valid up to 12 months that have goods and services identified- reimbursement for the gift voucher can be treated as an advance payment and the taxpayer can choose whether to calculate VAT or not.
  • Gift vouchers valid longer than 12 months that have goods and services identified- VAT should be calculated as for an advance payment received.
  • Gift vouchers that don’t have goods or services identified- reimbursement received for the gift voucher is not considered as an advance payment, therefore not subject to VAT.

Get additional details about about the requirements related to VAT on gift vouchers on our Lithuanian webpage: https://leinonen.lt/news/news-2017/cases-when-gift-vouchers-are-the-subject-to-vat