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    • Lithuania Considers Reclassifying Sport And Culture Activities To Reduced Rate Of VAT
    25
    Oct

    Lithuania Considers Reclassifying Sport And Culture Activities To Reduced Rate Of VAT


    Lithuania Considers Reclassifying Sport And Culture Activities To Reduced Rate Of VAT

    The Lithuanian parliament is considering a proposal to reclassify a range of sport and culture activities from the standard rate of VAT at 21% to the reduced rate of 9%.

    Income from the following supplies would be included:

    • Sports events, club subscriptions and similar
    • Theatre, cinema, museums and cultural exhibitions entrance fees
    • Other art and cultural events
    • Performance events

    Any change in rate if passed would come into effect from 1 January 2023.

     


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    We are specialists in global indirect tax management. We help businesses to manage their worldwide compliance with respect to VAT/GST and similar taxes, effectively and economically. Essentia Global Services – European / International / Global vat tax compliance consultants and management agents. Essentia also provides VAT Training Courses and an EU VAT Number Lookup Platform. VAT Global Management & International VAT Registration.