Lithuanian VAT compliance changes
- Apr 3, 2013 | Richard Asquith
The Lithuanian VAT Law has been updated to include a number of compliance changes. These include:
- New guidance notes for the completion of the European Sales Listings (ESL)
- New rights to offset Lithuanian input VAT by foreign companies selling goods from Lithuania to other European member states
- Update on the use of invoices and credit notes.
All of the above changes came into effect from January 2013.