Lithuania: corporate income tax

The rules for determining a tax period of taxable entities considering the peculiarities of their activities were reworded. Pursuant to these changes, a request to determine a different taxable period may be filed electronically via the authorised electronic services system Mano VMI or delivered directly or sent by mail to a respective tax authorities’ office.
The beginning of the taxable period will start from the 1st day of a calendar month. A request will not be considered if the tax period has already been changed during the last 5 years, unless the period has been changed not to the calendar year and it is requested again to determine the tax period that matches with the calendar year.

Value added tax (VAT).
The order regarding the requests of foreign taxable entities to refund VAT paid in the Republic of Lithuania was amended. The request of a taxable person established outside the territory of the EU to refund VAT may be filed electronically via Mano VMI along with other requested documents (VAT invoices etc.).

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