Lithuania

Country	Lithuania
Currency	Euro
EU Member State	Yes
Standard VAT rate	21%
Reduced VAT rate	5% / 6% / 9%
VAT registration limit for established businesses	Please contact Essentia for specific advice
VAT registration limit for non-established businesses	Nil
VAT registration rate for distance sellers	35000 Euros
VAT return filing periods	Monthly/ Bi Annually
Annual returns	No
Intrastat thresholds: dispatches and arrivals	290000 Euros for arrivals /215000 Euros for dispatches
EC Sales Lists frequency	Monthly
Additional reporting requirements	No
VAT recovery by non-established non-EU businesses	Armenia, Canada, Croatia, Iceland, Norway, Switzerland and Turkey only
Reverse Charge	Yes for the majority of cross border activity
Fiscal representative required for non-EU businesses	Yes
Statute of limitations	5 Years