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