VAT registration Thresholds on Reporting Lithuania
In Lithunia commencement of activity is assumed when foreign natural or legal persons carry out any kind of economic activities in Lithuania. That means that foreign taxable persons have to register as VAT payers from the start of their activities, so in practice, it coincides with a date of registration as VAT payer and a date of VAT number issuance, because the VAT payer number is issued with the registration.
VAT return should be submitted not later than 25 days after the end of the tax period. The VAT accounted for a certain tax period should also be paid not later than 25 days after the end of the tax period.
Normally tax period of a legal person is a calendar month and tax period of a natural person is a calendar half-year. Both legal and natural person have a right to ask for a different tax period. The legal person can ask for a half-year tax period if its turnover from the economic activity did not exceed EUR 60 000 during previous calendar year. Natural person can ask for a tax period of calendar month without any restrictions on the turnover. However the tax period is calendar month for all persons (i.e. for Lithuanian legal and natural persons and for foreign legal and natural persons) if those persons acquire goods/services from other states and the obligation to account for VAT arises to the customer according to art. 95 of the Law on Value Added Tax.
Annual VAT return is normally used for the correction of pro-rata. It must be submitted and the VAT due must be paid not later than the 1st of October of the next year.
The thresholds defined by the Statistics Lithuania for the year 2017: The threshold for Lithuanian Intrastat exemption arrivals is €280,000, and dispatches is €170,000. The threshold for statistical value threshold is €3,000,000 for arrivals and €6,000,000 for dispatches.
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