Lithuania cuts food VAT
- Aug 28, 2018 | Richard Asquith
Lithuania has proposed reclassificying foodstuffs from the 9% reduced VAT rate to 5%. The standard VAT rate in the Baltic state is 21%.
The measure must first be approved by Parliament, but, given heavy inflation in the retail sector, is likely to pass.
VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax
Richard Asquith
Richard Asquith is the former VP Global Indirect Tax at Avalara