HOW IS VAT REGISTERED?
VAT is a consumer tax on the provision of good or services paid by taxpayers registered in the VAT register. VAT registration is either mandatory or voluntary.
InLegal PRO registers a VAT payer within ten calendar days from the date of submission of the required documents.
To register as a VAT payer, the following documents must be submitted:
In Lithuania, an enterprise shall be registered as a VAT payer in the following cases:
A foreign company shall be registered as a VAT payer in Lithuania if it:
Delivers goods or services in Lithuania from the very beginning of its economic activity
A VAT payer from a European Union country conducts distance trading in Lithuania, and the total value of goods delivered to Lithuania exceeds 35,000 euros per calendar year.
Buys goods (except for new vehicles and excisable goods) in Lithuania from other EU countries, the cost of which for a calendar year exceeds 14,000 euros.
Delivers goods from Lithuania to other countries of the European Union and beyond.
Voluntary registration as a VAT payer:
Issues to be taken into account before registration:
If your income is significantly higher than your expenses, but not higher than the amounts mentioned above, you will not experience the benefits of VAT refunds. For more information, see the section entitled “VAT refunds”.
As a VAT payer, you will be able to refund the VAT paid for purchased goods.
This will not bring you direct benefits, but if your customers are VAT payers, they will be able to take advantage of the VAT refund option. This often becomes one of the criteria for selecting a supplier.
Did you take into account the fact that after you have registered as a VAT payer, your services will become more expensive by amount of VAT tariff?
Are your competitors VAT payers?
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