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Lithuania VAT invoice registers


Lithuania VAT invoice registers

Lithuanian VAT registered businesses will be required to maintain register of VAT invoices and transport paperwork. The requirement will cover both sales and purchase invoices. All movements of goods are covered – domestic and cross-border to both EU and non-EU countries.  The measure is designed to reduce extensive VAT fraud which is estimated to cost the country many millions in lost revenues.

From 1 October 2016, the register will have to be filed with the tax inspectorate online. Future submissions will be on a monthly basis.

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VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.