Lithuanian VAT invoice requirements
Lithuanian VAT rules on the format and information to be provided on invoices broadly conform to the obligations of the EU VAT Directive and its VAT invoice requirements.
Date of issuance and storage of Lithuanian invoices
Lithuanian VAT invoices should be issued immediately following the taxable supply. In the case of long term services such as supply of electricity, invoices may be issued on a monthly basis on the 10th day of the month following the supply. Invoices must be stored for ten years. Lithuania, like all EU member states, now permits the use of electronic invoices under certain conditions.
Lithuania invoice requirements
Invoices must contain at least the following basic information:
- Date of issuance
- A unique, sequential number
- VAT number of the supplier
- Full address of the supplier and customer
- Full description of the goods or services provided
- Details of quantities of goods, if applicable
- A date of the supply if different from the invoice date
- The net, taxable value of the supply
- The VAT rate applied, and the amount of VAT
- Details to support zero VAT – export, reverse charge or intra-community supply
- The total, gross value of the invoice
Need help with your Lithuanian VAT compliance?
Researching Lithuanian VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade.
Latest Lithuanian news
February 10, 2019
Lithuanian is to permit businesses with sales below €300,000 per annum to switch to quarterly VAT returns. Currently, they must file monthly returns.
January 25, 2019
The European Commission (EC) has proposed switching from unanimous to majority voting on EU VAT and other tax policies. The aim is to progress fiscal reforms which face immovable opposition from just a limited number of member states.
January 09, 2019
The EU VAT Directive has been updated from 1 January 2019 to introduce a voluntary generalised reverse charge measure on domestic transactions in member states.
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