VATLive > Blog > EU VAT > Lithuania VAT rate cut to 18%

Lithuania VAT rate cut to 18%

  • May 5, 2019 | Richard Asquith

The Lithuanian parliament is considering a proposal to cut the standard VAT rate from 21% to 18%. It was last raised from 19% to 21% in September 2009 during the financial crisis.

The proposal is being promoted as a boost to the economy, and lowering the disincentive to tax fraud. VAT is the largest tax revenue for the government.

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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 won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
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