Amendment on article 71 of the Law on Value Added Tax of Lithuania

  • 2012-01-18
  • By Dovile Aukstuolyte, Assistant to the Attorney at Law
ECOVIS Miškinis, Kvainauskas ir partneriai advokat┼│ kontoraAmendment on the Law on Value Added Tax of the Republic of Lithuania concerning the increase of a limit, when a person is obliged to register as a value-added tax payer, has entered into effect from January 1, 2012. This limit was increased to 155,000 litas (100,000 litas previously) and is expected to stimulate small and medium businesses.The amendments also provide that while considering whether the person is obliged to register as a value-added taxpayer, only income from transactions (the sale of goods and/or...
 
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.


In case you don't have a subscription yet - please visit our SUBSCRIPTION section