Lithuania VAT

Lithuania increases VAT fines from 1 May 2023

January 31, 2023 in European VAT, VAT rates

Lithuania increases VAT fines from 1 May 2023

The Lithuanian government recently adopted changes which will increase the fines applicable to unreasonable VAT breaches.

Taking effect as of 1 May 2023, VAT fines will be increased from a range of 10% to 50% to a range of 20% to 100% in cases where a VAT payer unreasonably reduces the estimated amount payable to the authorities, or unreasonably increases the estimated amount of VAT refundable. Failure to pay VAT to the Lithuanian authorities can also lead to such fines.

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