Lithuanian VAT returns

Any company registered with the Lithuanian tax authorities (see our Lithuanian VAT registration briefing) as a non-resident VAT trader must report taxable transactions through periodic filings, known as returns.

How often are Lithuanian VAT returns required

Like all EU member states, the Lithuanian VAT reporting calendar is on an annual basis. This requires an annual return. In addition, monthly VAT returns are generally required. If annual turnover in the preceding year was less than LTL200,000 (EUR60,000 from January 2015 when Lithuania will use the Euro as its main currency) a business may apply to submit bi-annual returns.

What Lithuanian VAT can be deducted?

In addition to declaring sales or output VAT in the Lithuanian return, companies can offset this by the corresponding input or purchase VAT. There are some exceptions, including:

Purchased or leased passenger cars (with some exceptions)
Goods or services for entertainment
Passenger transportation by car

What are the deadlines for filing Lithuanian VAT returns?

Any Lithuanian monthly or bi-annual VAT filing is due on the 25th day of the month following the period end. Any Lithuanian VAT due must be paid at the same time.

Lithuanian VAT penalties

If there are misdeclarations or late fillings of Lithuania VAT returns, foreign companies may be subject to penalties. Late filings are subject to small penalties and a charge of 0.03% per day of the VAT due if payment has been delayed. Penalties for incorrect VAT reporting range from 10 to 50% of the underpaid VAT depending on the circumstances. There is a five year statute of limitations for Lithuanian VAT, except in the case of fraud, where it is extended to eight years.

How are Lithuanian VAT credits recovered?

If there is a surplus of VAT inputs over outputs (more VAT incurred than charged), then a Lithuanian VAT credit arises. In theory, this is due back to the VAT registered business. The credit can be rolled over to the next filling or a company can apply for it to be refunded. Non-EU businesses are only eligible for a VAT refund if reciprocity exists between Lithuania and the country in which the business is established.

Get help solving your VAT challenges

Need help with your UK VAT compliance?

Researching U.K. VAT legislation is the first step to understanding your VAT obligations. Avalara can help your business comply with U.K. VAT requirements and manage your obligations, regardless of your business size or type.

Find out more

Get help solving your VAT challenges

+44 (0)1273 022400

Lithuanian VAT returns

How often are Lithuanian VAT returns required

What Lithuanian VAT can be deducted?

What are the deadlines for filing Lithuanian VAT returns?

Lithuanian VAT penalties

How are Lithuanian VAT credits recovered?

Need help with your UK VAT compliance?

Lithuania VAT news

Total results : 4

Ukraine VAT Guide - Avalara

UK VAT Guide - Avalara

UK VAT rates and VAT compliance - Avalara

UK Import VAT Duty Deferment - Avalara

Get help solving your VAT challenges